Lee Eugene Munson

Caterpillar's Loss Not a Good Harbinger of Economic Things to Come

Come on!!! CAT restated estimates down by 50% earlier this year. 50%, when was the last time you saw that on a blue chip? Management is good at one thing, sandbagging estimates so they can hit their numbers and stabilize the stock. And I am not complaining! It is a great strategy opposed to trying to lie to investors about how things are getting better and then blaming the economy when the EPS is short. Just look at BA today. They wouldn't know what they are going earn if God came down and did the numbers himself.