JOYG is getting drilled today but instead of getting nervous I think we should buy more. Looking at the chart shows the volatility in the stock but overall the trend is increasing. I anything under 57 is a steal. The article attached is from Zacks Research and they have a price target of $66. I admit we should have sold at 67 but right now it is cheap with a forward P/E of 13.7 and a PEG of 0.54
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this is an increibly cyclical play, is it not? i'm concerned about having more exposure than necessary to the economy, and i'm getting more and more comfortable having made a 10%+ gain on JOYG since our entry point. over the next three months, where is JOYG going to go? will it be able to buck the downturn in the economy and maintain upbeat earnings and outlook? i'm skeptical and the street is too, obviously.
http://seekingalpha.com/article/63039-despite-analyst-concern-coal-is-due-for-long-term-gains
Another big big mess.
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