The Foreign Coal Conundrum
There's something infuriating about the double standard when it comes to pollution in this world and it's on display gigantically with the prospects of Joy Global (JOYG).
If you don't know the company, it is largely an exporter of big mining equipment with a decent business in the United States. I put it that way because Joy's the dominant coal-mining equipment play and coal is in long-term secular decline here in the United States. But it is in long-term secular boom in India and China and as CEO Mike Sutherlin told me last night, those two countries alone this year will build as much as a third of our existing coal plant capacity....335 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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