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Joy Global, Inc. Message Board

  • todlondon todlondon Sep 21, 2012 12:53 PM Flag


    You don’t often get a chance to buy a stock near the bottom of its valuation range, but when you think of that type of investing, you have to think the market is now telling me ‘This is a really attractive opportunity to buy the stock, but I have to be patient,’” Rotblut said. He noted that if the economy loses steam, investors who buy now may be “looking at a short-term value trap,” but he expects that the more likely scenario now is a rebound, as well as an expanded dividend.

    Calling Joy Global a “very fundamentally sound company,” Rotblut noted that if it returns to its five-year average P/E ratio of 14.7, “we’re looking at 65% upside,” which is sufficient motivation for investors to be patient.

44.72-0.35(-0.78%)Feb 26 4:04 PMEST

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