Bucyrus International, Inc. (BUCY)

[Komando Robot]

bucy nov 80 calls +19,000%

[backtrax]

Cat's going to give $92 to shareholders each share. A good deal.
Jobs stay in Milwaukee.

[morokoy]

Bye Bye BUCY.
Final 200 out at 89.65
Best stock I ever owned.

[Trueheart]

Hey, Morokoy, thanks for the find.

Lots of subsidies to create those jobs but they're BUCY jobs and they're American jobs.

Trueheart

[morokoy]

BUCY addind 515 new jobs !!!
http://www.jsonline.com/business/105782383.html

[Trueheart]

$68.44 close.

A huge drop for the day. Probablt profit taking. Time to nibble back in?

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$72.98 close.

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$70.55 close.

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$68.71 close.

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[Trueheart]

Giving back some of its recent gains.

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$69.35 close.

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$70.79 close.

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$71.05 close.

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$70.37 close.

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$67.57 close.

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$68.15 close.

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$66.87 close.

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$66.55 close.

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$63.73 close.

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[Trueheart]

$55.09 close. Materials trashed.

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$55.27 close.

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[eastunder]

At some point... but you need the market behind you, and right now it's not. Today will be interesting, aye? I'm hoping to see your fifty day hold under this pressure - but who knows how it's going to play out?

[Trueheart]

Eastunder, still need to fill $63?

Thanks.

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[Trueheart]

$57.78 close.

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[Trueheart]

$60.09 close.

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[Trueheart]

Eastunder, not yet, not yet? LOL

The whole market's going crazy and dragging down good stocks.

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[Trueheart]

$61.37 close.

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[Trueheart]

Eastunder, my eyes are glued to the price. C'mon BUCY! LOL

Good market today. I'm making back some of the recent losses in the stock price swoon.

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[eastunder]

Getting closer. :)

1st one at $61.71, one above that is at $63.32

[Trueheart]

$61.34 close.

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[eastunder]

Looking good. ;)

Start chanting Gap fill, gap fill, gap fill.

I think it helps. ;) (JK)

[Trueheart]

Thanks, Eastunder.

That was pretty well plain and simple.

I like the company and have make money on it.

Good luck today... and always. LOL

Trueheart

[eastunder]

63 you mean? Are we talking the gap?

I wonder if IBD is all over this as a cup and handle? They love that stuff!

The numbers that interest me have moved up:

50 day is now up to $54.98 and bottom bollie has crossed above the 50ma(good thing) and is currently at $55.78

If I was after this in the ports, I would toss in an order now at the 50 day MA and hope for a intraday tail (see why I can't be a trader? LOL. I have habits, True!) That would be my first of four positions until I built her up.

Your 200 day appears to holding well. My current "guess" is those gaps are going to fill sooner than later...may snag a 50day correction before hand but unknown for sure.

[Trueheart]

$58.95 close.

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[Trueheart]

$53.00 to fill, Eastunder?

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[eastunder]

On 8-10-10:

Look for Shares of Bucyrus International to Pullback after Yesterday's 0.99% Rise (BUCY)

Posted 08/10/2010 02:22 AM ET

http://www.investors.com/NewsAndAnalysis/Newsfeed/Article/117373336/201008100222/Look-for-Shares-of-Bucyrus-International-to-Pullback-after-Yesterdays-099-Rise-BUCY-.aspx

Featured Stocks
BUCY * Bucyrus International * Top-Rated Company Aug 10, 2010 (SmarTrend(R) News Watch via COMTEX) -- Bucyrus International (BUCY) traded in a range yesterday that spanned from a low of $63.32 to a high of $64.25. Yesterday, the shares gained 0.99%, which took the trading range above the 3-day high of $64.08 on volume of 1.2 million shares.

Shares of Bucyrus International are currently trading above their 50-day moving average (MA) of $54.00 and above their 200-day MA of $57.47. Look for these MAs to provide support for a short-term pullback in the shares.

(OH yes...now I remember where I got that habit of the main MA's - IBD and my many years following O'Neil!)

[eastunder]

Bucyrus Is Desirous of Global Mining Investment
By Christopher Barker |
July 27, 2010 |

http://www.fool.com/investing/general/2010/07/27/bucyrus-is-desirous-of-global-mining-investment.aspx

After this second consecutive quarter of lackluster earnings from the king of consolidation in heavy mining equipment, Bucyrus (Nasdaq: BUCY) is desirous of the upcoming mine development spending blitz.

With a slightly unsettling counterpoint to the solid earnings reported by Caterpillar (NYSE: CAT) last week, Bucyrus turned in a rather dismal $0.89-per-share profit that marks an 18% decline from the prior-year period. Consolidated sales rose sharply (20%) thanks to the acquisition of Terex's (NYSE: TEX) mining equipment unit completed in February, but on a comparable basis (let's call it ex-Terex) sales deteriorated by a similar 18%.

Before reacting hastily to the decline, however, I urge investors to ponder the strategic position of Bucyrus within an industry poised for significant and lasting secular strength.

Building blocks of a strong outlook
Bucyrus maintained its optimistic full-year forecast for revenue of at least $3.65 billion, and an ongoing global uptick in mine development expenditure remains evident in the company's expanding order book and backlogs.

Bucyrus' order backlog surged 30% to $2.4 billion, with $1.6 billion of that expected to convert to revenue within the next 12 months. Ex-Terex, total backlogs still grew 12% from the comparable 2009 level. More encouraging still, new orders booked during the quarter surged 198%. Much of the incremental strength in order activity for the surface mining segment is attributable to the Terex transaction, but a 1,000% increase in new orders for original underground equipment is purely a feather in Bucyrus' cap. Fools may recall that rival Joy Global (Nasdaq: JOYG) reported similar strength in backlog and order activity last month with a 55% uptick in new orders.

A $40 billion basis for growth
Now that the Terex acquisition has transformed Bucyrus into a veritable one-stop shop for the major mining equipment needs of a modern mining camp, long-term investors will watch with excitement as the company leverages the newfound breadth of the Terex-brand products into the $40 billion foundation of existing Bucyrus equipment already operated by the "big five" multinational mining conglomerates. Noting recent orders for (formerly) Terex-branded trucks and hydraulic excavators with Brazilian giant Vale (NYSE: VALE), Bucyrus believes that its existing relationship with the big five is already realizing significant value for the acquired Terex assets.

The secular bull market for commodities
Although not nearly as forthcoming with macroeconomic commentary as its rival Joy Global, Bucyrus nonetheless noted continued strength in commodity demand from the developing world ... "with the only exception of softness really being in the domestic thermal [coal] market." Offering its outlook for the U.S. economy more broadly, Bucyrus expects a "very choppy and slow recovery." Although coal miner Peabody Energy (NYSE: BTU) recently noted some improvement on the domestic coal front, its quest for growth remains squarely focused upon satisfying demand from the Pacific rim.

With respect to the copper market, where nervous investors have eyed China for signs of possible erosion in near-term demand, Bucyrus reminds Fools that worldwide copper production remains down from prior years because "mine yields continue to drop," suggesting that miners are presently challenged to meet baseline demand. The company is eyeing further copper mine development in Peru, where Southern Copper (NYSE: SCCO) is the name to watch.

I continue to view Joy Global and Bucyrus as attractive stocks for a range of economic scenarios, whether recovery ultimately takes hold or the markets go haywire. Please share your views on these heavy equipment makers in the comments below, or join the dedicated investors of Motley Fool CAPS as they discuss these topics in detail.

[eastunder]

Bucyrus International, Inc. Q2 2010 Earnings Call Transcript

http://seekingalpha.com/article/216190-bucyrus-international-inc-q2-2010-earnings-call-transcript?source=yahoo

[eastunder]

7-23-10 Q2 EPS 89c vs $1.08 Misses 99c Est

Friday , July 23, 2010 09:14ET

QUARTER RESULTS
Bucyrus International, Inc. (BUCY) reported Q2 results ended June 2010. Q2 Revenues were $868.67M; +19.91% vs yr-ago; MISSING revenue consensus by -7.30%. Q2 EPS was 89c; -17.59% vs yr-ago; MISSING earnings consensus by -10.10%.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $868.67M      $724.44M     +19.91%      $937.10M      -7.30% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 89c         $1.08     -17.59%           99c     -10.10% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE
Consensus estimate data provided by Reuters.
Visit Knobias.com for more indepth earnings information.

[eastunder]

7-22-10 Bucyrus International, Inc. Announces Summary Financial Results for the Quarter and Six Months Ended June 30, 2010

Thursday , July 22, 2010 18:45ET

SOUTH MILWAUKEE, Wis., July 22, 2010 (GLOBE NEWSWIRE) -- Bucyrus International, Inc. (Nasdaq:BUCY), a leading designer, manufacturer and marketer of high productivity mining equipment for surface and underground mining, announced today its summary unaudited financial results for the quarter and six months ended June 30, 2010.

Operating Results

On February 19, 2010, Bucyrus completed its previously announced acquisition of Terex Corporation's mining equipment business ("Terex Mining") for $1.0 billion in cash and 5,809,731 shares of Bucyrus' common stock, subject to certain post-closing net assets, net debt and other adjustments. Also on February 19, 2010, Bucyrus entered into an amendment to its existing credit agreement to provide for an additional new secured term loan of $1.0 billion and $167.5 million of additional revolving credit facilities. The term loan was used to fund the cash portion of the purchase price for Terex Mining and the revolving credit facility will be used to support Bucyrus' future working capital needs and its capital expenditure plan.

The financial results for the quarter and six months ended June 30, 2010 include the net assets and results of operations of Terex Mining since the February 19, 2010 date of acquisition as well as the preliminary acquisition accounting adjustments and acquisition costs related to the Terex Mining acquisition. As a result, the financial results for the quarter and six months ended June 30, 2010 are not necessarily comparative to the results for the quarter and six months ended June 30, 2009 or as of December 31, 2009 and may not be indicative of future results. Terex Mining has been integrated into the surface mining segment. For this quarter, Bucyrus has disclosed certain financial information for Terex Mining.

Consolidated Condensed Statements of Earnings (Unaudited)

http://www.knobias.com/story.htm?eid=3.1.d850a5f9ac8ab2e20f46facb7dcec5f771d3286dbb0e679204eae8c02f176cea

[eastunder]

Open Gaps

http://www.stockta.com/cgi-bin/analysis.pl?symb=BUCY&num1=3&cobrand=&mode=stock

Direction          Date            range  
 down          Aug-11-2010    61.71 to 61.05  
 down          Aug-10-2010    63.32 to 63.09 

Support/Resistance  
 Type    Value Conf.  
 resist. 72.38   2  
 resist. 67.66   5  
 resist. 65.99   2  
 resist. 63.51   4  
 resist. 62.03   3  
 resist. 60.07   6  
 supp    57.64   4  
 supp    55.96   4  
 supp    54.29   2  
 supp    52.35   3  
 supp    51.43   3  
 supp    47.19   4  
 supp    46.11   2 

[eastunder]

BUCY

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Mine - 6 mo.

[Trueheart]

$58.71 close.

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$59.35 close.

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$59.47 close.

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$62.74 close.

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$63.95 close.

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$63.32 close.

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$63.32 close.

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$63.54 close.

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