Sat, May 25, 2013, 2:16 PM EDT - U.S. Markets closed
" JOBS JOY OVER �37M MINE GEAR THE biggest order for coal mining gear for decades has secured hundreds of jobs. Powerfuel will buy �37million of equipment from Joy Mining Machinery for its Hatfield pit near Doncaster. "http://www.mirror.co.uk/news/tm_objectid=17595957&method=full&siteid=94762&headline=news--name_page.htmli hear 50.
market must not think this is a big order...convert the pound to American dollars...then compare it with JOYG qtr rev.
Might have done it wrong, but quick math shows this as $70 million. Last quarter sales $560 million. quck math again, about 13% in extra sales.Somebody better at conversion might want to do it. I did not take a lot of time on it.I bought at $36 range for earnings report. This news makes me think about getting more on a dip and holding longer. Hell, flat today might be the dip though.