To its credit, Joy Global (NYSE:JOY)
has done nothing during this cyclical mining equipment decline to shake
investor confidence in the quality of the company or its management.
Margins have held up surprisingly well, and new product development
could help compensate for some of the weakness in the market. What's
more, I don't think there's much doubt that coal demand will continue to
increase around the world for at least the next decade or two. The
question for investors, though, is the timing and magnitude of the
upturn in equipment demand and how much of that is already incorporated
into the shares.
Please read the full article here:
http://www.investopedia.com/stock-analysis/053013/joy-globals-quality-not-issue-mining-capex-recovery-joy-cat-ge-cnx-aci.aspx
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