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  • Why I'm Not so Bullish on Joy Global [View article]
    Pachanguero,

    So far it appears any price increases are not keeping up with the rising costs of inputs. They lost 7% of gross margin in 12 months; that should make one take notice.

    Again, I did not say bad companies, bad sector or anything of that nature. But if you ramp sales, and costs ramp over and above your price increases you lose margin. That seems to be happening increasingly across equipment makers, whether mining, agriculture or just about anything.
    Jun 01 15:19 pm |Rating: 0 0 |Link to Comment
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