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It takes quite a crystal ball to see three years into the future, even for Caterpillar (CAT), so...
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Tuesday, September 25, 2012, 5:39 PM ETIt takes quite a crystal ball to see three years into the future, even for Caterpillar (CAT), so investors may want to look closely at CAT’s near-term concerns. On that score, CAT told analysts this week that dealer inventory reductions are ahead of expectations and could result in lower FY12 revenue guidance by ~$2B. One positive note: CAT said it won't reduce the dividend, even in a downturn.
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If you have courage for this kind of market and you are an investor, you could do a lot worse that CAT. Good luck.