Global Stimulus Boosts Mining Equipment
Turner Emerging Growth manager Frank Sustersic says the next 12 months look fantastic for top-five holding Bucyrus.
Mike Breen: Maybe you can talk a little bit about Bucyrus. You were talking about the stimulus effect on that, and it was actually stimulus from India and China in some places in addition to the U.S. that were helping them out.
Frank Sustersic: Right. Bucyrus International makes a lot of dragline equipment used by miners, be it coal miners or copper or gold. We've seen a tremendous amount of resurgence in economic activity.
Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.