I am highly interested as im sure every one is on a JOY buy out.
I recall when BUCY was bought out what happened before the day news was released.
at that time JOY was actually rumored to be bought out, and I myself thoerised that BUCY would get the action from CAT because when CAT buys out BUCY, they no longer have to compete with the heavy trucking issue, BUCY bougth terex trucks and taking them out of the competition seemed to be a great move by CAT, tahts why i highly thought the CAT BUCY thing would happen before a JOY CAT thing, and I was rebuffed by some one on the BUCY board saying the government would never allow that deal to go thru.
weeks later it happened, BUCY had a major show with Goldman Sachs that week and suddenly Goldman and BUCY canceled their investors Conferance.
then Goldman issued a news release saying BUCY "could" be bought by CAT.
THE DEAL WENT DOWN!
Now back to JOY.
COAL, is that all JOY can do is coal?
NO, i dont think so and I think as long as we focus on the coal exposure, we are going to lose soght of the bigger picture that JOY machinery can and will be used in metals minning and coal will be a plan B, while metals a plan A.
THE offer price I think would be around $85. thats purelly a guess so dont ask me to quantify that, just like my BUCY/CAT theory, some things just come to me.
If your doubting this post, go back and dig up my prediction on the CAT/BUCY deal, its there some where.
so back to reality, these rumors of JOY take over have been around for a few years now.
is it really time? this time ?
do we have huge call activity because wallstreet is full of leaks, they couldnt keep a secret to save themselves