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Bucyrus Is a Buy on China's Resurgence

By Jim Cramer

About this article:
Bucyrus International really captures this moment. When I was speaking last night to its terrific CEO, Tim Sullivan, I was conscious that his company's stock is at the fulcrum of everything that is going wrong and everything that is going right in this market. Bucyrus, if you recall, makes mining equipment. It's really the only game in town other than Joy Global , as the mining machinery business was annihilated by years of underinvestment. The company became the quintessential play on mining as orders, particularly from China, for new coal mining equipment soared each year. China's opening a new coal-fired energy plant every week, so you know that there's demand. The hedge funds glommed on to this one big-time. Like in so many that we are familiar with -- MasterCard , Trinity , Foster Wheeler , NYSE Euronext and Freeport-McMoRan -- they took concentrated...

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