1. Joy has a buyback program 2. The shorts will have to cover. 3. In the end our Fed, the Japanese Central Bank, and other central banks will win.
This is a fine company with many positives, that I have mentioned previously.
japan is kinda hurting JOY and CAT, its helping kuboda. my base case is these machinery stocks levered to global growth may slump till the money printing stops. When printer is turned off due to economy standing on own 2 feet, that is the latest these stocks take off or new China stimulus.
other than that im with you.and JOY and CAT are cheap.
no 4.5% div means not cheap to most. they would rather pay 25x for GIS than 8x for JOY or CAT