Joy Global is the new Nokia. Without coal Joy will be a much smaller corp without any suitors.
Don't say that.. I bought today :(
No ownership. That said; worldwide use of coal is going up radidly. China builds a new coal plant every week and has gone from exporting to importing. JOY sells on a global basis.Even if coal is dead in the US, at these prices exports could boom and even the US could rebound in a relatively short time. Its why Warren Buffet bought the railroad..
China will be dependent on coal for a long time to come.... Also when Romny wins in November he will reverse the current adminstrations restrictive coal policies.... Joy is a solid company...