Is it time to buy mining services? Part 1

It's our least favourite sector of the market but, right now, it's cheap. Gaurav Sodhi establishes what to look for in mining services stocks.

It is our least favourite part of the market. Mining services is an industry cursed with cyclicality, low barriers to entry, lots of competition and, for the moment, excess supply. During the boom, those qualities were either forgotten or disguised by plentiful work and a fountain of profits. Now, after the bust, low expectations and fear are entrenched.

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