Another one of our holdings that’s struggled this year is mining services business NRW Holdings (NWH) but again we’re starting to see some strength creep into this market underperformer:
- As mining booms so will expenditure supporting businesses such as NWH
- MM has held this position for too long in hindsight but we see the recent 23% bounce extending to well over $2, or at least another 10-15%.
