Joy Global hit hard by market traders

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The third quarter earnings for Joy Global was deeply frowned upon on Wednesday. Joy Global is a manufacturer for mining equipment has reported some trouble with margins and missing its earning estimates, at the Continental Global which was newly bought and is a maker of conveyor systems. For this traders had taken the stock of the company down 19%.
Mike Sutherlin, president and CEO defends his quarterly report and his firm. Margins may not have been the at the best level but were still at an acceptable level.
In a period of a pre-disposition of negative commodities which the company is associated with, made it easy to trigger this type of reaction. Even though the company did not do as well as all expected, this reaction from the market was shocking.
There is a back long for Joy Global beyond the year 2011 and confidence for the prostects of the company are extremely high.
In China there is a very high need for coal. They are desperate for the commodity at their power generating stations. This will give some very good business for Joy Global. Along with China, this country is not able to do with out the need for coal any time soon. This is because there just isnt enough renewable sources to resolve the energy problem.
Joy Global says we must find ways to use coal which are safer for the enviroment, it must be cleaned and made into a source of energy which is good for the country.