Thursday, May 30, 2013

Investopedia: Joy Global's Qualty Not The Issue, But The Mining Capex Recovery Is

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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