Many words have already been written about the global slowdown in heavy
equipment demand, and the consequences that has brought for well-known
industrial names like Caterpillar (CAT), Deere (DE), Komatsu (KMTUY.PK), and Cummins (CMI). For Joy Global (JOY),
though, it's not just about a global slowdown in machinery orders, nor
even a slowdown in mining equipment. Rather, the key question for Joy
Global and investors over the next six to 18 months is whether 2012's
dramatic slowdown in coal is a new normal or just another trough in a
cyclical up-and-down story.
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Joy Global Tied To The Fate Of Coal
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