What exactly are you whining about? Employment has increased, and the unemployment rate has decreased since 2009. The price of fossil fuels, like coal, natural gas, and oil, has decreased dramatically because there is an oversupply of those resources. That's how free markets are supposed to work. Prices can go up and they can go down, too.
Careful .... I hope you mean buying the puts. I called the $25 target... next stop: $19 by end of September. This is one ugly dog with no real fundamentals that are going to help them in the short run. maybe even bankruptcy in 2016-17. All their major customers are bankrupt (or on the brink), they have a 1.1 B good will to write off (China IMM Bad purchase), increasing inventory w/o sales support, negative cash flow trending, and no reserve for all the bad debt to come from A/R write-downs (again, BR customers).
Their only hope is if the leadership grows a pair to close 1/2 the plants and cut at lease 30% of the staff.... or some other sucker buys them up.
Sentiment: Strong Sell
Stock gets a 40% haircut in 3 months and the revenue and eps estimates are basically the same as last quarter. Should at least be teed up for some hope for a beat after a drubbing like this.
$21 Jan Puts looking good... Liquidity in China is only to save their stock market, not the actual economy. Truth is China built too much/too fast on bad speculation. More money will not spur more infrastructure building in China (which is what Joy really needs). Given that, and Joys #1 customer is on the verge of BR, and has a horrible BS and dwilinging CF, this uptick so may be the final breaths we see before we decent below 20.
Sentiment: Strong Sell
I've been waiting for a meaningful correction for a couple years!!
Sector rotation maybe. Ralph Acampora might be what you need . lol
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Too funny how they thought this would spur others to buy. Perhaps it was meant to get others to think it presented value so that some could sell and get out? Look at the price today and no announcements of exec's buying at this level eh? my opinion
Agree....there is still too much more room for this rock to sink first. Just wait until they try to sure up the refinance of their debt next year. I think BR is truly in the card for Joy within 28-24 months.
I don't see how it does not drop below 20. With EPS of $2 this year and a generous 10 EPS, that would take them to $20. Why would you pay 1o EPS when much better companies have positive outlooks and a MUCH better balance sheet and cash flow? I see the same chart as DRYS for JOY coming. Bankruptcy is a very real possibility. They will need to shut down MANY plants during the reorg.