A 41% Q1 plunge in nationwide excavator sales is taking a toll on Sany Heavy Industry - China's largest maker of the equipment - even as it takes market share from the likes of CAT. The company's VP warns the sluggish construction market may force the firm to cut its sales target (+41% Y/Y). [View news story]
CAT expects to sell farm equipment in US to make up for China. CAT is a great company and has been for many years. My father owned stock in CAT about 60 years ago. I only wish I had more money to buy such a great buying opportunity. CAT is a stock I can own for life. Mike
A 41% Q1 plunge in nationwide excavator sales is taking a toll on Sany Heavy Industry - China's largest maker of the equipment - even as it takes market share from the likes of CAT. The company's VP warns the sluggish construction market may force the firm to cut its sales target (+41% Y/Y). [View news story]
Mike