I've gotta admit I was tempted ... but then again I've lost a bundle in the stock market and I'm as dumb as a rock .... I wonder how much capital it took to pump it up so much ... this is so obvious now it seems almost criminal.
Man, this was a classic example. Somebody(s) made a ton on the way up and probably on the way down. I guess this is the way of a market but it sure looks like something different to me ...
Need an answer ? Here you are:
Total Cash (mrq): 111.84M
Total Cash Per Share (mrq): 0.02
Total Debt (mrq): 5.45B
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 0.23
Book Value Per Share (mrq): -0.03
Lots of trading going on .... I believe this to be a serious company heading for $50 per within the next 5 Years ... If the traders do not discourage investors.
Joy Global Inc. (NYSE:JOY) is another company that had one of its top executives purchase shares this past week. President and Chief Executive Officer Edward L. Doheny II bought 10,000 shares on Wednesday for $11.20 each and currently holds 277,374 shares. The manufacturer and servicer of high productivity mining equipment for the extraction of metals and minerals has seen its shares decline by 77% over the past year and by 22% in 2016 alone. The company’s net sales for fiscal year 2015 totaled $3.2 billion, down from $3.8 billion reported for fiscal year 2014. This substantial decrease was mainly caused by a decrease in both original equipment sales and services sales. Most importantly, Joy Global generated an operating loss of $1.1 billion for FY 2015, compared to income of $527.5 million reported for the prior fiscal year. This decrease was attributable to a significant amount of impairment charges, in addition to a loss of margins on lower sales volumes, an unfavorable product mix, and lower manufacturing cost absorption. The company is a major manufacturer of underground and surface mining equipment for the extraction of coal, and the mix of regulatory pressures and low natural gas prices have put significant weight on its operations in the U.S coal market. D.E. Shaw & Co. L.P., founded by David E. Shaw in 1988, upped its position in Joy Global Inc. (NYSE:JOY) by 36% during the third quarter to 1.62 million shares
The smart money seems to be fond Joy Global Inc. (NYSE:JOY), with Robert Rodriguez and Steven Romick‘s First Pacific Advisors LLC owning a stake of 3.94 million shares. Among the funds we follow, 28 reported long positions in Joy Global Inc. (NYSE:JOY) as of the end of September, up by nine funds from a quarter earlier. Those funds collectively amassed around 17.4% of Joy Global’s float.
I sold out today finalizing my 75% loss in Nurometrix over the prior five years. One reverse split after another and inflated raises to management employees who can't turn a profit does not constitute my continued loyalty. Good luck to those of you who continue to believe in the future of this company.
I'm sorry, is this what you are indicating is positive news ?
Opposition to the latest measures, however, cut the leftwing government's majority in parliament from five seats to three.
The government is racing to complete a bailout-supported recapitalization of its troubled banks before the end of the year and still faces a long list of more painful measures that include an overhaul of the national pension system.
Greece is expected to slip back into a mild recession next year, according to the 2016 budget submitted to parliament last week, while the national debt is set to climb higher, reaching 188 percent of annual economic output, or 327.6 billion euros ($347.6 billion).
No disrespect, but how have you reached this conclusion ... I too am baffled at the 50% rise today, especially since I sold at a 50% loss on Friday. Something is not smelling correctly here ... Is GS at it again ?
I did just google it and came up with nothing ... can you kindly attach a link to help me get there ?