I think people were asking that same thing the 2 days going into CAT's earnings. CAT was up about $3 those 2 days and look at how bad they did. Many times the broker dealers are just running stocks up before bad earnings and down before good earnings to mess up people minds.
Dont read too much into this move, really. I take this big move up as a good point to sell or go short with puts.
OTM and ITM November calls at a nice premium not caring if they get called away. Smells like CAT's false breakout into earnings for the same purpose. Nothing has changed here to justify ~5% move up.
until they can't breathe, see or go outdoors! but I am en JOY ing the ride up.
I suspect that someone is very interested in JOY. Especially after the dour CAT report blaming coal mining.
EPS 6.72 Excellent
PE: 8.13 Excellent
Forward PE: 9.96 Going higher
Long Term Debt: 21% Much lower than competition
Profit Margin: 13.55 Higher the competition
EBITDA: 1342 Pretty good
Next five years estimated growth: 13.5%
Intrinsic Value of stock $184
China, India, Europe, and US markets getting better each day.
JOY to outperform among CAT, DE, KMTUY and other peers.
Way undervalued, great time to get in.
Own 1200 at $49, 750 at $52 and added 500 more at 55.
Good luck buyers.
Sentiment: Strong Buy
Just returned from India, and what I witnessed is amazing. 60% of rural India is without Electricity. To catchup, both Government of India and also the Private Sector is building Coal Powered, New Power Generation Industry.Every month you see, New Thermal Plant being build. They sure Pollute, but don't tell that to the Indians, they are a Very Energy Starved country. They could care less about pollution. Coal is a Cheaper way to Produce Electricity, to meet their ever Increasing Demand for Electricity. That is Good News for JOY GLOBAL ! JOY GLOBAL is heavily into Coal Mine Drilling Equipment Manufacturing and After Market Repaire and Servicing Company. Now I am Very Hopeful about future Prospects of JOY GLOBAL.
Joy is one of the most undervalued stock. Expectation bar has been set so low, that it will be very easy to meet or exceed the target. Come next earning time, JOY will will be trading aroung $68 !!
Having lived through a few mining boom and busts, these are not one quarter events. The first card mining companies play in a downturn is to stop virtually all new investment in capital equipment. It take S and P's view that this is heading to 40 since revenue will collapse below $3.5B and cutbacks at essentially idle plants will not be able to keep pace. Wyoming coal will continue to displace eastern coal which is largely mined underground with the sort of equipment Joy sells. Also they overpaid for the Chinese asset at the height of the boom and will need to write off goodwill here. Tangible assets are quite slim at joy.
Well it's obvious there is something going on.The pressure from the outside is a attempt for control. Looking at past quarters it surprised last three quarters. I think it needs to get the monkey off first don't see no reason why this can't happen. We''l see how strong it is very soon I think. Once that's done should be middle of things allot going on. Big short following they need to be extracted.
Will JOY be able to climb abvove 55 so one can hold onto it. JOY goes up in the morning, and takes a nap in the evening. Volume is low. Do you have any reading on this stock. Thanks