This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Joy of Global Mining

NEW YORK ( TheStreet) -- If I could only lead my readers to more home runs as I did in my article about the "Great Donut Debate". Alas, home runs are the exception.

At the time I didn't know one of the two companies, Krispy Kreme (KKD), would skyrocket in the two days following the article's publication. All I knew is the company would report earnings last Thursday and that I had done a good deal of research about it.

Now I'm sharing some research I and some of my colleagues have done on another company, one of the leading providers of mining equipment for the extraction of coal, copper, iron ore, oil sands and other minerals in the world.

Joy Global (JOY - Get Report) has about 1/10th the market cap of its big competitor Caterpillar (CAT) and certainly doesn't offer the same wide-ranging types of equipment as CAT.

It's a company with a mission that is focused on a particular niche, which, like the donut business, isn't always a sure-fire success in all kinds of seasons and economic climates. Yet, if you look at its no-nonsense Web site you see how it distinguishes itself.

The company is focused on technologies that it claims will "revolutionize mining." The site goes on to explain, "Our business is focused solely on serving surface and underground mining operations with superior equipment and direct service that achieves the lowest cost per unit of production over the life cycle."

JOY's scope is global, with facilities and service centers that span six continents and more than 20 countries. Yet, its focus remains local.

Above ground and below, it proclaims a determination "... to create a more seamless experience that raises the bar for the entire industry." If you examine JOY's fiscal 2013 second-quarter earnings results you'll likely notice how determined the company is to live up to its mission in the face of some challenging worldwide obstacles.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JOY $19.00 0.00%
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $222.56 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs