Topic: How To Invest

Stock Pickers Digest Hotline – Friday, October 11, 2019

Article Excerpt

MAJOR DRILLING GROUP INTERNATIONAL INC., $6.58, symbol MDI on Toronto, is a large contract-drilling firm that mainly serves the mining industry. The company believes that mining companies continue to deplete more easily accessible mineral reserves around the world. That means attractive deposits will be in increasingly remote locations or deep in the ground. For this reason, Major Drilling’s strategy is to focus on providing highly specialized drilling services. This week, the company agreed to buy Norex Drilling Ltd., a family-owned drilling company based in Timmins, Ontario, for $19.7 million. Major Drilling is expected to keep Norex’s 120 employees including its management team as well as its drillers and other personnel. The company also gains 22 drill rigs, including 17 specialized surface drill rigs and five underground drills. OUR RECOMMENDATION: Major Drilling is a buy for aggressive investors. Major Drilling recent coverage: Hotline for September 13, 2019 July 2019 issue DOMINO’S PIZZA INC., $257.79, symbol DPZ on New York, is the world’s largest chain of pizza stores…