In many respects it looks like the bloom is well off the rose when it comes to the industrial equipment rebound. A range of companies - Caterpillar (NYSE:CAT), Emerson (NYSE:EMR) and Donaldson (NYSE:DCI) just to name three - have posted solid results in recent weeks, but suggested that growth is going to get harder in markets like North America and Europe (where most of these companies still garner the majority of their revenue).
What, if anything, does that mean for Joy Global (Nasdaq:JOYG)? As one of the leading providers of heavy machinery to the mining industry, it is clearly a cyclical business and this up-cycle in equipment demand has been going on for a while now. Will a slowdown in economic growth lead to mining companies pulling back on projects and curtailing demand, or will acquisitions like China's IMM give it enough emerging market exposure to temper the down-cycle?
Read more of this article at Investopedia:
http://stocks.investopedia.com/stock-analysis/2011/Will-China-Extend-Joy-Globals-Cycle-JOYG-CAT-DCI-CMI-CAM-TWI-KMTUY0902.aspx
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