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Bought it today at 54.00. Earnings come out next Thursday and they should be good. Looking for a bump back up to 60.00 or so within a week.
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Upside, I won't kick you, but I see that JOYG has gone back up to 51.22, not a gain for you, but a big improvement over $49.22! So don't get discouraged until after the earnings next Thursday.
I had a similar thing happen to me with JLG. It was falling and I thought that I was buying into the bottom at 24.15 early last week, but it has continued its decline to 22.82 today. But their earnings are also coming out on Thursday (well actually Wednesday after close) and I predict good things!
Hang in there!
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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No worries Jo, thanks. It's a mining stock and the whole sector is correcting a bit. It's a good company, I just might have to hold it a bit longer than planned.
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Earnings are out. Net income doubled, the analysts had them pegged to make .53 per share, they made .66. Looks good right? The stocks down almost 8.00 this morning. I'm averaging down.
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Similar to what I am experiencing with JLG as well. Reported the best ever quarter, went up a little bit yesterday but down today. Nothing like what I'd have expected from news like this:
quote:JLG Industries 3Q Profit Surges Wednesday May 24, 5:13 pm ET JLG Industries 3rd-Quarter Profit Balloons on Stronger Sales; Shares Climb After Hours
MCCONNELLSBURG, Pa. (AP) -- JLG Industries Inc., a maker of aerial work platforms for industrial use, on Wednesday said fiscal third-quarter profit more than doubled on stronger sales. Net income rose to $46.2 million, or 43 cents per share, from $22.7 million, or 24 cents per share, a year ago. Analysts polled by Thomson Financial expected earnings of 35 cents per share.
Revenue climbed 25 percent to $629.6 million from $505.4 million on increased demand for access products, JLG said.
JLG raised its 2006 earnings guidance to $1.25 to $1.30 per share, excluding a pretax gain of $14.6 million on the sale of its excavator business. The company had previously forecast earnings of $1.18 to $1.23 per share for the year.
Analysts see full-year profit of $1.27 per share, excluding the gain.
"Demand strength for access products continued through the third quarter and the sustained high level of our order board suggests this trend will continue," said Chief Financial Officer Jim Woodward.
Shares of JLG Industries fell $1.11, or 4.9 percent, to end at $21.53 on the New York Stock Exchange before rebounding $1.32, or 6.1 percent, in aftermarket activity. The stock has ranged between $11.20 and $32.49 over the past year.
-------------------- "Great Day for Up!"....Dr. Seuss
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Another classic Upside investment. However, note the range on it yesterday (6/8). Beautiful day trade if you're interested. I don't have the stones for it right now.
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