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  • Caterpillar (CAT) CEO Doug Oberhelman puts a brave face on things following the company's disappointing earnings and outlook , saying that "this is the first year in three years where we've seen a relative degree of stability around the world," while there are stories in China that are "still pretty good." Oberhelman has a "little bit more confidence going forward" than he's had for a couple of years. [View news story]
    Maybe he is just trying to make the best of a bad situation but, his track record is to be more downbeat and dour after earnings. Often the stock has really gotten hit after his comments. If he really had anything positive to say, maybe it should be given some credibility and maybe that is why the stock has not gotten hit and sent to 50 as some predicted.
    Apr 22 12:40 PM | Likes Like |Link to Comment
  • Caterpillar's Earnings: Global Demand And China Scandal Fallout In Focus [View article]
    All this news has been out for a week as well as decreased dealer sales in December released on Friday during mkt. hours. Perhaps all the bad news is priced in the stock already. Most important is what they see going forward as CAT can be dour on their conference calls. They need to convince investors that Siwei will really help them crack the Chinese market, which CAT has not really done yet. Inventory build has been a problem. These are the things they need to address in the macro.
    Jan 27 12:38 PM | Likes Like |Link to Comment