Joy Global's ride far from over
The mining-equipment maker beats expectations and raises guidance.
The stock climbed 8% on Wednesday on the news to a high of $86.95 before pulling back a bit. That high put the price at 16.4 to 17.3 times the company’s guidance for fiscal 2011. That’s not expensive, considering the company’s guidance works out to earnings growth of 13.7% to 20.5% in fiscal 2011. And, of course, shares are even less expensive if you think, as I do, that the company’s guidance is low.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Shares of DVR pioneer TiVo are up 40% over the past 2 years, but unlike with the industry giants, there's still plenty of room to run with this pay-TV play.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.