Investopedia: For Joy Global, It's No Longer "If" Or "When", But "How Long?"
Between the cautious comments from companies like Caterpillar (NYSE:CAT) and Cummins (NYSE:CMI),
the economic and company reports coming from China and the worsening
conditions in the mining sector, there's really no doubt left that the
market for mining machinery has slowed. Joy Global (NYSE:JOY)
echoed that, as solid second quarter results were overshadowed by lower
guidance. Now the question is no longer about when Joy Global will see
the slowdown, but how deep it will be and how long it will last.