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"We need that housing start number double to really start to move the economy," says CAT CEO...

"We need that housing start number double to really start to move the economy," says CAT CEO Olberhelman (appearing on Squawk Box), putting some perspective on the recent bounce in sales. Viewers (and readers of CAT's earnings release) are treated to the CEO of a great old company more or less pleading for central banks to bail his firm out. (earnings earlier)
Comments (13)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    He was Mr Cheerleader again...
    22 Oct 2012, 08:19 AM Reply Like
  • Larry Smith
    , contributor
    Comments (2509) | Send Message
     
    I think the statement "pleading for central banks to bail his firm out' is a gross overstatement. What he stated was that when the easing actions already taken begin to take hold they expect to see improvements.
    22 Oct 2012, 08:22 AM Reply Like
  • bgold1955
    , contributor
    Comments (2102) | Send Message
     
    Your right Larry, no pleading at all. Really disappointing statement as he was cautiously very optimistic in the future without going out on the limb in 2013 & 14 earnings. Not a shareholder but interested in high 70's perhaps 80-81. May get my chance very soon. Little at a time.
    22 Oct 2012, 08:30 AM Reply Like
  • Tack
    , contributor
    Comments (13576) | Send Message
     
    Take a look at CAT's three-year quarterly-earnings chart, then ask whether this firm needs a "bailout."
    22 Oct 2012, 08:22 AM Reply Like
  • Joe Eifrid
    , contributor
    Comments (339) | Send Message
     
    Three years of quarterly earnings with 4 years of printing and propping by the Fed. One has to wonder where CAT would be without it, and where they will be when it stops.
    22 Oct 2012, 08:30 AM Reply Like
  • petpirhana
    , contributor
    Comments (47) | Send Message
     
    I agree with you Tack. More humor is Jim Cramer talking about Cat and Cummings constantly saying: " BUY,BUY,BUY" If Cramer would close his mouth and be a professional rather then a comic constantly wanting attention, CNBC would be a lot better off . I don't even want to start with Joe !!!!!!!
    22 Oct 2012, 08:43 AM Reply Like
  • Larry Smith
    , contributor
    Comments (2509) | Send Message
     
    Cramer has not been saying buy, buy, buy CAT

     

    http://seekingalpha.co...
    22 Oct 2012, 09:24 AM Reply Like
  • WisPokerGuy
    , contributor
    Comments (889) | Send Message
     
    I agree that Cramer is pretty much a clown and his stock picking advice is truly horrible, however, Cramer has in fact actually been warning that CAT could drop to the mid-70's since late summer.

     

    It always annoys me that posters like @petpirhana will criticize things and don't have their facts right. That pretty much undermines anything they have to say in the future.
    22 Oct 2012, 10:58 AM Reply Like
  • Momintn
    , contributor
    Comments (4283) | Send Message
     
    For long term investors, rare buying opportunity in stocks that are down.

     

    http://onforb.es/RNnqTk#
    22 Oct 2012, 09:41 AM Reply Like
  • D Mahuron
    , contributor
    Comments (5) | Send Message
     
    For the long pull, CAT looks good for me.
    22 Oct 2012, 11:16 AM Reply Like
  • june1234
    , contributor
    Comments (2689) | Send Message
     
    big demand out there for rentals these days with so many having trouble hanging on to their single family homes. 21% of the last housing start numbers they went nuts over were multifamily homes or apartments. They were doing almost 3 times that many housing starts during the housing boom years. And you cant compare the economic impact of an apartment complex with that of a single family home development on any community.
    22 Oct 2012, 01:17 PM Reply Like
  • Tack
    , contributor
    Comments (13576) | Send Message
     
    Multi-family starts are not appreciably different than in many past times, in some cases less proprortionately.

     

    http://1.usa.gov/QO6rPC
    22 Oct 2012, 01:31 PM Reply Like
  • june1234
    , contributor
    Comments (2689) | Send Message
     
    1.9 million homes were foreclosed on in 2011 alone. those people are not buyers but they need a roof over their heads. a delinquent notice much less a foreclosure one does not look good on a credit report specially in today's credit world
    30 Oct 2012, 07:25 PM Reply Like
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