Dreman Value Management head David Dreman likes beaten down mining and oil stocks now, including Rio Tinto, which has threatened to pull out of Australia, where a huge tax increase on mining profits has been proposed.
“We think the proposed 40 percent Australian tax is likely to come down some,” Dreman says. “And since both Rio Tinto and BHP have gone down very significantly, we think there’s some value there.”
“We also think there’s a good deal of value in some of the exploration and..."
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