Dana Laustsen - Joy Global Independent Director

Director

Mr. Dana B. Laustsen serves as Independent Director of the Company. Mr. Laustsen joined GLJ in 1982 and he later became a principal officer of GLJ in 1994. Mr. Laustsen was employed by Texaco Canada Resources Ltd. for five years where he received his training in petroleum production and reservoir engineering. Mr. Laustsens background includes detailed reservoir analyses of primary and enhanced recovery projects, SAGD evaluations, ultimate potential studies, merger and acquisition evaluations, fair market value appraisals and expert witness testimony. Mr. Laustsen has coauthored the water flood section of the Petroleum Society of CIMs Monograph, Determination of Oil and Gas Reserves and is an author of the Canadian Oil and Gas Evaluation Handbook Volume 2 sections on decline analysis and EOR reserve booking guidelines. He has also published articles in the JCPT on decline analysis since 2014.
Tenure 10 years
Phone414 319-8500
Webwww.joyglobal.com
Laustsen graduated from the University of Calgary in 1977 with a BS in engineering and is a life member of the Association of Professional Engineers and Geoscientists of Alberta.

Joy Global Management Efficiency

The company has Return on Asset of 0.0597 % which means that on every $100 spent on assets, it made $0.0597 of profit. This is way below average. Joy Global's management efficiency ratios could be used to measure how well Joy Global manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 1.01 B in debt with debt to equity (D/E) ratio of 0.73, which is OK given its current industry classification. Joy Global has a current ratio of 2.4, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Joy Global until it has trouble settling it off, either with new capital or with free cash flow. So, Joy Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Joy Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Joy to invest in growth at high rates of return. When we think about Joy Global's use of debt, we should always consider it together with cash and equity.

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Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals worldwide. Joy Global (JOY) is traded on New York Stock Exchange in USA and employs 10,000 people.

Management Performance

Joy Global Leadership Team

Elected by the shareholders, the Joy Global's board of directors comprises two types of representatives: Joy Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Joy. The board's role is to monitor Joy Global's management team and ensure that shareholders' interests are well served. Joy Global's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Joy Global's outside directors are responsible for providing unbiased perspectives on the board's policies.
Peter Salditt, President of Joy Global Underground Mining LLC
Paul Siegert, Independent Director
Steven Gerard, Independent Director
Douglas Blom, Chief Marketing Officer, Vice President
Sean Major, Executive VP, General Counsel and Secretary
James Sullivan, CFO and Executive VP
John Koetz, President of Joy Global Surface Mining Inc.
Johannes Maritz, Executive VP of HR
Edward Doheny, President CEO, Director
Howard Crone, Independent Director
Richard Loynd, Lead Independent Director
Dana Laustsen, Independent Director
John Hanson, Independent Chairman of the Board
Ruilin Zhang, Director
Terry Moore, Vice President - Engineering
Gerald Gilewicz, CFO
Brett Boklaschuk, Vice President - Exploration
John Gremp, Independent Director
Mark Gliebe, Independent Director
Glenn Hamilton, Director
Alex Verge, President CEO, Director
Anthony Polini, Vice President - Land
Gale Klappa, Independent Director
Andrew Harper, Director
James Tate, Independent Director

Joy Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Joy Global a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Joy Stock

If you are still planning to invest in Joy Global check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Joy Global's history and understand the potential risks before investing.
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