6/24/13: No Joy in Mudville
After more than two years of overwhelmingly disappoining performance and a loss of nearly 33 percent we’re selling Joy Global (NYSE: JOY) from The Energy Strategist’s Aggressive Portfolio. The purchase price is less relevant to the decision than the likelihood of disappointing growth in China and the continuation of the downturn in commodities. For more information, see No Joy in Mudville in the June 24 edition of The Energy Letter.
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