India-focused Vedanta Resources Plc (OTCPK:VDNRF) (VED.L) has come along pretty nicely since I identified it as an undervalued resource company back in December of 2013. After a 20% run that has outpaced peers like Glencore Plc (OTCPK:GLNCY), Rio Tinto (NYSE:RIO), and BHP Billiton (NYSE:BHP),
I'm not quite so bullish on the shares. Although Vedanta has much to
gain from more efficient operations, a more pro-business government in
India, and stronger base metal prices, ongoing operating challenges in
copper, aluminum, and iron ore are not to be ignored. There's still a
lot of self-improvement potential here, but it won't be light work and
investors will have to have some patience.
Read the full article here:
The Easy Part May Be Over For Vedanta Resources
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