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JOY valuation models imply stock's highly overvalued prior to earnings:
Fair Value Analysis
Harry has posted Charts of the Day video on JOY at TheTechTrader site noting: Joy Global, Inc. (JOY) had a great day on Thursday, up 1.34 to 22.76, or 6%, on 3.6 million shares. I put out a swing on this one. I just love this pattern. It’s a nice, explosive, breakaway move up to resistance, and then a beautiful pennant, or coil-type consolidation. This stock could run to 25 as early as Friday, and then maybe as high as 30-32. It has 5 days to cover. http://tinyurl.com/h33bhoo
Recent coal bankruptcies from Peabody Energy and others actually are good news for Joy Global (JOY +4.4%) - indeed a counter-intuitive positive catalyst - Baird's Mircea Dobre and Joseph Grabowski claim.
The analysts say they take their cue from JOY CEO Ted Doheny, who told them that he views pre-filing behavior as “stressing equipment and suppliers” forcing suppliers to move to cash up front mode in some cases, while post-filing behavior is akin to “stabilization,” particularly when it comes to demand for service and parts, items directly related to current and future customer cash flow generation.
"The near term remains rocky but be brave... buy," the Baird pair says.
Massive red day coming tomorrow IMO. Today is just the beginning. It's having a hard time even bouncing now more than $.10.
Was a huge p&d w options available to short it. Will add next week puts should be at $15 in a few days.
Glad I shorted this POS $JOY no filings or anything for this $5 type of run this week.
$JOY lots of short action this morning on each of these bounces.
Higher it goes harder the drop
Yup only two minor points of profit taking on the ride up to $18.30 now over the last two days means.....watch out below in the coming days.
It's strong today on a +200% market day but perfect setup now for a major pullback after 4-huge up days IMO.
short position now here $JOY $18.38s along with PUTS. Should be a lot of $$ to be made on the downside here!
easy $$$$
Puts gonna look good tomm
$.10 puts on this @ $17 Looks awefully toppy today @ $18.16 consecutive lower lows and lower highs now on the 90-minute.....watch out below!
$18.28 and $18.16
Can't imagine joy going much lower but I guess time will tell ;) I'm taking this as an opertunity to bank huge in the next 24 to 36 months !
Was $10.50 the low ? Looks like some channel trading from $11.00 to $13.00 might be an option !
$JOY recent news/filings
bearish 11.87
## source: finance.yahoo.com
Thu, 17 Dec 2015 17:06:10 GMT ~ Windstream Holdings Emerges among SPY’s Top Stocks
read full: http://finance.yahoo.com/news/windstream-holdings-emerges-among-spy-170610322.html
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Thu, 17 Dec 2015 16:59:12 GMT ~ Valuentum: Time May Be Running Out for MLPs
read full: http://finance.yahoo.com/tumblr/blog-valuentum-time-may-be-running-out-for-mlps-165916283.html
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Thu, 17 Dec 2015 03:31:30 GMT ~ Edited Transcript of JOY earnings conference call or presentation 16-Dec-15 4:00pm GMT
read full: http://finance.yahoo.com/news/edited-transcript-joy-earnings-conference-033130390.html
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Wed, 16 Dec 2015 21:04:48 GMT ~ The 52-Week Low Club for Wednesday
read full: http://247wallst.com/investing/2015/12/16/the-52-week-low-club-for-wednesday-65/
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Wed, 16 Dec 2015 20:45:28 GMT ~ [$$] Joy Struggles to Survive Mining Slump
read full: http://www.wsj.com/articles/joy-global-swings-to-a-loss-as-bookings-fall-1450267233?mod=yahoo_hs
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$JOY charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$JOY company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/JOY/company-info
Ticker: $JOY
OTC Market Place: Not Available
CIK code: 0000801898
Company name: Joy Global, Inc.
Company website: http://www.harnischfeger.com
Incorporated In: DE, USA
$JOY share structure
## source: otcmarkets.com
Market Value: $1,185,290,868 a/o Dec 16, 2015
Shares Outstanding: 97,474,578 a/o Aug 28, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 1
$JOY extra dd links
Company name: Joy Global, Inc.
Company website: http://www.harnischfeger.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/JOY/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/JOY/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=JOY+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=JOY+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=JOY+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/JOY/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/JOY/news - http://finance.yahoo.com/q/h?s=JOY+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/JOY/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/JOY/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/JOY/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/JOY/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/JOY/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/JOY/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/JOY/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/JOY/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=JOY+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/JOY
DTCC (dtcc.com): http://search2.dtcc.com/?q=Joy+Global%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Joy+Global%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Joy+Global%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.harnischfeger.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.harnischfeger.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.harnischfeger.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/JOY/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/JOY
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/JOY/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/JOY/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/JOY/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000801898&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/JOY/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/JOY/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/JOY/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/JOY/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=JOY&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=JOY
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/JOY/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=JOY+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=JOY+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=JOY
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=JOY
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=JOY+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/JOY/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=JOY+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/JOY.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=JOY
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/JOY/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/JOY/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/JOY/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/JOY/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/JOY
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/JOY
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/JOY:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=JOY
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=JOY
$JOY DD Notes ~ http://www.ddnotesmaker.com/JOY
8% 24 hours not bad
Naw was talking bout this.. And I know not long in anything but PLM just been trying to buy in on the 10-20% drops for an easy 5-10% pullback.. OTC been pissing me off so had to take a step back for a minute
I really can't say. The market is crazy bro!
Think it get that bloody? Up just over 4% I get 5% I'm out either way
Buying puts on this
No. This is going down still
Joy Global (NYSE:JOY) is maintained with a Neutral rating at Citigroup, in large part because of the continuing slump in coal prices that has hammered the coal mining sector.
Can you move it to the NYSE?
He may be a bit over enthusiastic on his show :)
Here is a good analysis of JOYG:
http://www.fool.com/investing/general/2011/09/28/should-you-get-out-of-joy-global-before-next-quar.aspx
Hey, TKO, the interview is essentially what Cramer said, although he appeared to be a little more enthusiastic on his television show.
Thanks.
Trueheart
Hit a $52-week intra-day low of $64.29.
Cramer had the CEO of Joy Global on his show yesterday.
Trueheart
Closed at 69.59 on September 22, 2010, about the same as today's close.
Trueheart
JOYG good play for oil sands boom?
Sterne Agee is out with its report today on Joy Global (NASDAQ: JOYG), raising its PT to $98.
In a note to clients, Sterne Agee writes, "Our $98 target is based on our updated FY12E estimate of $6.20 (up from $6.00) and assumes shares trade at 15.8X earnings. Our 2011E estimate increases to $5.30 from $5.15. While we believe that JOYG's fundamentals are by and large positive for both original equipment and aftermarket given the large installed base and prospects for increased utilization, we maintain our Neutral rating primarily on valuation."
Source:
http://www.benzinga.com/analyst-ratings/analyst-color/11/03/900342/update-sterne-agee-raises-pt-on-joy-global-to-98-joyg#ixzz1FYHY5RMt
Interesting article here!
http://earningsview.blogspot.com/2010/12/joy-globals-growth-is-dependent-on.html
will be interesting to see how all of this plays out...
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