On June 9 2014 Premium Subscribers to The Value Investor Report were alerted to the undervalued Kazakhmys (LSE: KAZ), a London-listed copper miner that has fallen on hard times.
That was at 282p a share when Kaz was trading at 50% of tangible book.
The shares are now trading at 309p a share and they recently peaked at 354p on July 24.
But that’s not the whole story.
You see this stock has a lot further to go because it has a smart new management team that are not afraid to take bold decisions and do what is necessary to survive as a mining operation in today’s deflationary environment for commodity prices.
Kaz first came on my radar when in March 2013 it was unceremoniously kicked out of the FTSE 100, this was after Kazakhmys had already announced a 30% drop in profits on the back of weak commodity prices.
This is the kind of story I love because it means that KAZ had two reasons to collapse in value but only one of them is actually legitimate.
In any event when Premium Subscribers were alerted to Kazakhmys the share price had fallen nearly 55% in less than twelve months.
Kazakhmys 2 Year price Chart
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All the best
Disclaimer: I currently hold a long position in Kazakhmys