I strongly disagree with you dasbof. I have been following this stock since 4 years but most of the time it has disappointed me. Since materials and mining are laggards, there is no support for JOY. Additionally Australia has acknowledged that mining is slowing and China is not doing great either so your statement is without facts and figures.
Today's 55.00 is not yesterdays 55.00. JOY's p/e has shrunk while the company has gotten bigger. This stock will do ok. The world is going through a rough patch but it will expand. The world needs coal. No way around it. This stock was around 100 dollars a year ago and has grown revenues and has a long back order. I think even with todays problem it is super cheap at 55.00. I think it should go up by end of year.