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Joy Global, Inc. Message Board

  • harlanharp harlanharp May 4, 2013 4:44 PM Flag

    Take note of this:

     

    The take a look at S&P fair value.
    However, I think that commodities are set to run A. Because the Fed and other
    central banks want to prevent deflation..B. For another more unpleasant reason, in that I believe that war is coming in the Mid East.
    In addition, Governor Walker has been promoting Wisconsin based companies in China.
    The bottom line is that there is excellent value here.

    Joy Global JOY +4.31% , a manufacturing of mining equipment, has been experiencing some takeover rumors regarding an acquisition by larger equipment companies. The industry is being avoided by many investors given the current uncertainty over macro conditions, with the result being that Joy trades at less than 10 times earnings whether we use trailing numbers or expectations for the fiscal year ending in October 2014. Of course, it is possible that caution is warranted with the stock's beta being 2.0. Renaissance Technologies, whose founder Jim Simons is now a billionaire, was buying shares of Joy Global in the fourth quarter of 2012 (research more stocks Renaissance likes)

    Sentiment: Strong Buy

    This topic is deleted.
 
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