you do not need an analyst to give guidance here. just read their report today, year over year results and forecasts tells you they are in serious trouble with no light at the end of tunnel for many years. my suggestion is to sell what you have here and buy back in much lower. stock is broken. my opinion
they can reduce the float all the want. bottom line; business model broken. customer base is suffering and dwindling. my opinion
They cut the div and generated $180 Cash for the quarter. They have $400M on the buyback left. I could see them reducing the float by 10% in the next few months if the price stays in this range.
when companies start to reduce to salvage operational cash is the first sign of trouble. plan to reduce what I have until the fire is put out and the smoke clears. there will be no major move in JOY until such time someone express interest in taking them out. but, anyone that may be interested will probably wait until they are close to $5 before making a move. my opinion
OR...OR...When Cramer "dumped" on WAG at $27.70...he went on for 5 minutes on natl. TV saying it's NOT GOOD....Prime time !...and then?...ummm...it went to over $90...GREAT CALL CRAMER !!
and we all know just how good analysts are, right? I remember when some analyst gave a buy rating on SHO around $28...and yeah, it went to $30...But then it dropped down to $4...and the same analyst said "sell"...and then it went from $4 to $12 ...If you just did THE OPPOSITE of what he said, you'd be a millionaire.
Agree, though 5 years will suffice. I would wait for the big purchase, however, after earnings and full report is out tonight and I can read it all....
Sentiment: Strong Buy
agree. and with the new "climate change" agreement, JOY may not be around in a couple of years in current form. the only way out for JOY now may be for them to find a marriage with someone that has deep pockets. my opinion
I don't think even holding for 15 years will help you with this stock---"Joy's customers are seemingly losing the fight against suppliers of alternative forms of energy like natural gas. And not only is natural gas cheaper, it's also better for the environment, according to industry experts, scientists and the EPA."