Joy Global, Inc. (NYSE:JOY)
CAPS Rating:
Manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company's equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands & other minerals
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This is a long-term buy, because there's going to be some global contraction in the near term, but it's all priced in. And this is a company with growing earnings even in the face of uncertainty. Eventually its price is going to have to reflect its earnings.
Looks like I green-buttoned this too early, but who can time these things? I can't imagine this stock will go much lower. Guess I'll just have to be patient.
Looks like I green-buttoned this too early, but who can time these things? I can't imagine this stock will go much lower. Guess I'll just have to be patient.