TheStreet.com's Jim Cramer says the sellers are in control, and without dividend protection, we have no floor.
The bad stuff is in the market. It just has to get more in. That's all. That's the conclusion you have to reach when you see companies like Terex (NYSE: TEX) (Cramer's Take), which is valued at only a billion and a half dollars, or Joy Global (NASDAQ: JOYG) (Cramer's Take) at $2 billion and change or McDermott (NYSE: MDR) (Cramer's Take) at $3 billion.
I prefer Bucryus (BUCY) out of the 2 main 'mining equipment' makers but Joy Global (JOYG) is a quality company absolutely being buried in this very tough market. This seems like an overreaction but in this shoot first, ask questions never environment you just lost 1/5th of your investment overnight.
Joy has a very detailed earnings report, worth the read but I am looking at 2 things - #1 gross margins because my belief has been that higher input costs (steel, oil derivatives) will cut into profits for equipment makers and #2 industry outlook.
Looking at gross margins this year - they came in...
Joy Global, Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, and other minerals and ores. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment manufactures underground mining equipment for the extraction of coal and other bedded minerals, as well as operates service locations near mining regions worldwide. Its product line includes continuous miners; longwall shearers; powered roof supports; armored face conveyors; shuttle cars; flexible conveyor trains; complete...
On May 22, 5-star manager Neil Hennessy gave CNBC.com his Web Exclusive stock picks. But which stock did he slam?
Hennessy offered CNBC.com exclusively a list of value stocks that are worth a look, as investors wait for oil to top out: Tupperware (TUP), Costco (COST), Airgas (ARG), AK Steel (AKS) and Bunge (BG).
So it looks to me like none of the above.
As to Hennesy?s taste, I think it is pretty good. While there are some differences in particular names, he seems to be hitting on some themes that I like.
I wrote bullishly about Tupperware in February, and the stock is up 5.7% since then...
Joy Global’s principal activities are to manufacture and market underground mining machinery and surface mining equipment for the extraction of coal and other minerals and ores. The Group operates in two segments: Underground mining and Surface mining.
Joy Global Inc. (JOYG) is mining profits for itself and its shareholders.
Mining equipment is sought after because end demand for commodities is
so strong. This puts JOYG in an enviable business position.
Current-year earnings estimates have increased 11 cents to $3.39 per
share over the past 90 days. Analysts expect earnings to grow an
additional 23.1% next year.
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Joy Global manufactures surface and underground mining machinery and equipment for theextraction of ores and minerals such as coal, copper, and iron. Hence,the fortunes of Joy Global are inextricably linked to commodity
Joy Global, Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, and other minerals and ores. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment manufactures underground mining equipment for the extraction of coal and other bedded minerals, as well as operates service locations near mining regions worldwide. Its product line includes continuous miners; longwall shearers; powered roof supports; armored face conveyors; shuttle cars; flexible...
BUY: Joy Global Inc (NASDAQ: JOYG) $42.25 (3/26/07) Sell price: $44.36 or Sell date: April 26, 2007Stop loss: $41.15 (-2.6%) Parabolic SAR bullish signal at close Friday7-day directional indicator bullish50-100 MA Oscillator bullish Profile: Joy Global Inc. manufactures and services mining equipment for the extraction of coal and other [...]
Joy Global makes equipment for the mining industry, coal mining in particular. When commodity prices were soaring, so were Joy's shares - from $5 in January 2003 to $70 last April. But when prices began to fall, investors fled. As with many selloffs, this one was grossly overdone. Even with coal and copper prices now 25 percent off their midyear highs, analysts still expect Joy's earnings to grow 22 percent next year. "Yes, the price of coal has taken it on the chin," says portfolio manager and Joy fan John Buckingham of the Al Frank fund. "But the dropoff in its business didn't justify the...
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About Joy Global Inc.
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