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.
already did. sold out of FCX at $22 and reduced my position in Joy by 50% at $30. Will sit back and buy back in FCX at $9-$10 rnage and shoot to buy some Joy when and if it hits the teens this year. my opinion.
Approximately bought 7,750 shares on 06/05/2015. Wonder why we have not heard of anyone else in management buying especially at this level?
cramer said to buy it above 90 when I sold it. I have no idea where it goes (ok I am guessing there is a bounce back to 30 from here, but I will pass), but another one of these mining related stocks where I am shocked at low they go. Good long to longs and shorts, just had been waiting for a while.
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now were are talking "really beaten up".....and appears to be no end in sight.
agree. I think its going to take the same course FCX took. headed to the $20's then teens. long term holders have taken a brutal beating as well as loyal employees. my opinion
will be interesting to see how many are taking what they can from their 401k's. unfortunately, years of savings are being wiped out each day with new 52 week lows. pretty sad. my opinion