While it's hardly news that investors have sold all manner of heavy industrial
OEMs as 2012 has progressed, and
Joy Global (NYSE:
JOY) has been hit a litter harder than most. Without the offsetting construction or agriculture businesses of
Caterpillar (NYSE:
CAT) or
Deere (NYSE:
DE), or the industrial compressor business of
Atlas Copco (OTC:
ATLKY),
Joy Global shares have had a tough year. Although this large mining
concern ended its fiscal year on a relatively positive note and
valuation is not particularly demanding, these shares figure to be more
volatile than average as investors guess about the timing of the eventual coal recovery.
Please read more here:
http://www.investopedia.com/stock-analysis/2012/Joy-Global-And-The-Coal-Conundrum-JOY-CAT-DE-ATLKY1214.aspx
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