It looks like my call to reconsider mining machine provider Bucyrus International (BUCY) on October 18, 2010, at a price of $74.44 proved to be the right one.

Bucyrus, which I originally discussed on June 22, 2009 at a price of $25.27, was stopped out, in a good way, for a roughly 80% gain at $46 last spring. At that time, BUCY was in the category of one of those trades where the sell/stop loss was just a tad too high.

Monday was in part a merger Monday, and it was also a break-up of the correlation among markets, at least in some aspects, as the US Dollar rose. A weaker than expected Philly Fed forecast in Q4 failed to exact much pain. Still, bonds continued the sell-off as 30-Year Treasury rates hit 4.36%, the highest yields since the summer.

Here were today's unofficial closing bell levels:

Dow Jones 11,201.97 +9.39 (0.08%)
S&P 500 1,197.75 -1.46 (-0.12%)
Nasdaq 2,513.82 -4.39 (-0.17%)

Top Stock Analyst Calls

Mining machine provider Bucyrus International (BUCY), first discussed here on June 22, 2009 at a price of $25.37, is one of those rare plays, so close attention is advised.

Bucyrus was stopped-out in June at the raised sell/stop loss of $46, good for a roughly 80% gain.

If you didn't raise the sell/stop loss back in June, you notched an even bigger gain, as Bucyrus has surged to about $75 since late spring.

If you did raise the sell/stop loss, the calculation here is to consider re-establishing at least a 50% position with BUCY. Re-establishing a position is rare, but Bucyrus is worth the risk.

Since I first discussed Bucyrus International (BUCY) here on June 22, 2009, at a price of $25.37, shares of the mining machine provider have pulled-back this spring in-sync with the retreat in commodity prices. Even so, just look on the dip as a decent time to scoop up shares. Here's why.

Look for Bucyrus to continue to benefit from the developing world's enormous infrastructure needs, as the global economic recovery progresses. Bucyrus reported better than 40% order growth in the first quarter, something that should help push revenue 20% to 25% higher in 2010, including revenue from recently acquired Terex.

Infrastructure work and mining machine provider Bucyrus International (BUCY), which I first wrote about on June 22, 2009 at a price of $25.37, remains a promising business model.

Back in June the calculation was that shares of Bucyrus would benefit from the developing world's enormous infrastructure needs, as the global economic recovery commenced. Well, so far, so good. The shares are up more than 100% in less than a year, and there's more upside ahead.

Just categorize this recommendation 'one of the better calls' -- and one that may make Bucyrus International (BUCY) a Top 5 pick in 2010, as well.

Back in June the call was that shares of Bucyrus, provider of machines for infrastructure work and mining, would benefit from the developing world's enormous infrastructure needs, as the global economic recovery commenced. Well, so far, so good. The shares, first recommended on June 22, 2009 at a price of $25.37, are up about 125%, and I'm obviously reiterating the buy call.

The call back in June was that shares of Bucyrus International (NASDAQ: BUCY), provider of machines for infrastructure work and mining, would benefit from the developing world's enormous infrastructure needs, as the global economic recovery commenced.

And so far, so good, hence I'm Reiterating my Buy rating for Bucyrus International, first recommended on June 22, 2009 at a price of $25.37. If you bought BUCY in June, you're up an impressive 45%.

It goes without saying that companies that furnish machines for infrastructure work and mining are preferred in this neck of the woods, due to the developing world's enormous infrastructure needs.

That infrastructure build-out is taking a pause during the global recession, but once global growth resumes, machinery will be back in demand, which is why Bucyrus International (NASDAQ: BUCY) is worth a review.

Readers of this space know that the investment bias is toward large-cap companies with demonstrated business models and who have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in mind, Bucyrus International is worth a review.

Bucyrus International, Inc. (Nasdaq: BUCY) manufactures and markets a variety of machines used in surface mining, and provides aftermarket parts and service for these machines. It has one of the largest installed bases of said machines in the world, as measured by replacement cost.

Demand for the BUCY's products is being driven by increased demand for surface mined commodities such as copper (in South America), oil sands (Canada), and coal (China, United States, India, Australia, South Africa and Russia). As one might sense, mining opportunities in China and India represent long-term business opportunities for the company.