The mining sector has definitely recovered, but that doesn't automatically make every player in the mining sector a good pick. I wasn't too excited about the near-term trading prospects for Danish mining and cement equipment company FLSmidth (FLIDY) (FLS.KO) back in June, and I'm not surprised that the shares have been flat since then, while Epiroc (EPOKY), Komatsu (KMTUY), Caterpillar (CAT), and Metso (MXCYY) have headed higher on stronger orders and improving margins.
Although FLSmidth's second-quarter margins were oddly weak, the order recovery was solid,