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Joy Global, Inc. Message Board

  • watchthedownside watchthedownside Sep 24, 2012 10:51 AM Flag

    JOY is not "cheap" and GE is not stupid

    normalized eps for JOY in the current environment is far below expectations looking into the next year or two (I will not provide you with any details here - just do your own work)......GE may buy JOY, and it is even possible that they may buy JOY tomorrow, but it is far more likely that GE will buy JOY when JOY is actually cheap, and this will imply no premium to those long at current prices.....JOY would be reasonably priced in the 20's or 30's.

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