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Metal Detectors
Minelab
Codan the company and stock.
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<blockquote data-quote="GOLD Billyen" data-source="post: 63515" data-attributes="member: 2559"><p>In 2013 - 24% of sales came from communications and only 6% from mining services. I think they should work on increasing their sales in those 2 areas to make a buffer for the overall company.</p><p></p><p>Maybe they should consider a acquisition in the mining services. That sector is down and cheap. Codan's balance sheet could handle a acquisition of small to medium size. There by lowering the detector sales shock factor. The problem is the mining services stocks are cheap, as hardly any are marking money. However, it's what I would to to prevent another 80% fall in the price. I think seeing detector sales at 40-50% of the total company sales it more respectable and safer.</p></blockquote><p></p>
[QUOTE="GOLD Billyen, post: 63515, member: 2559"] In 2013 - 24% of sales came from communications and only 6% from mining services. I think they should work on increasing their sales in those 2 areas to make a buffer for the overall company. Maybe they should consider a acquisition in the mining services. That sector is down and cheap. Codan's balance sheet could handle a acquisition of small to medium size. There by lowering the detector sales shock factor. The problem is the mining services stocks are cheap, as hardly any are marking money. However, it's what I would to to prevent another 80% fall in the price. I think seeing detector sales at 40-50% of the total company sales it more respectable and safer. [/QUOTE]
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Metal Detectors
Minelab
Codan the company and stock.
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