Let’s be clear, we are not tending roses. Peering through the ranks of beaten down mining services stocks is closer to shovelling dirt than gardening. As we explained in Part 1, hunting for bargains often means investigating sectors that are downtrodden, difficult and downright dangerous. We search here precisely because others do not.
Such a strategy is not a license to gamble. Aware of the risks, it is our task to tame them. We do this with a three-prong approach.