Friday, November 19, 2010
Joy to the World!
Since Joy to the World is from Psalms 98, I'll give 98 as my target for JOYG!
Maybe I'll be able to get a Christmas gift!!
After all, look how JOYG is saying nothin' about the BUCY takeout:
The other, Milwaukee-based Joy Global, is saying little about the deal involving its major rival.
A Joy Global spokeswoman declined to comment, saying that the company is in a “quiet period” leading up to the release of its quarterly earnings Dec. 15.
Joy Global operates the P&H Mining Equipment subsidiary, which has a large factory in West Milwaukee in the shadows of Miller Park.
With Bucyrus set to become part of a huge global company — Caterpillar had 2009 revenue of about $32.4 billion — it’s likely to become an even more formidable foe for Joy Global. Joy had fiscal 2009 sales of $3.6 billion.
The deal had an initial benefit for Joy Global shareholders as the company’s stock price shot up 7.5 percent to close at $77.77 per share on Nov. 15, the day deal the Bucyrus-Caterpillar merger was announced.
Because there already is some buzz amongst workers in Milwaukee that something could be a coming!!
Because Wall Street, of course is worried that CAT's takeover will take biz away.
So sell yourself!
Posted by Palmoni at 1:56 PM