Seeking Alpha

taxmav97

taxmav97
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Industrial machinery giant Caterpillar (CAT) finished lower today ahead of its Q1 results expected Monday morning. Investors appear to be girding themselves for potential miss, after the company earlier reported an 11% drop in global retail sales of machines, driven by a 24% drop in its Asia/Pacific region and an 11% decline in North America. Power Systems retail sales also dipped 6%, with industrial off 24%. Also worth noting: CAT puts expiring in both April and June saw some heavy volume today. [View news story]
    Do you think the lower sales are baked into the current
    Stock price?
    Apr 20 07:13 AM | Likes Like |Link to Comment
  • Caterpillar (CAT +0.5%) reports global sales of its construction and mining equipment fell 11% in the three months through March, ahead of its Q1 report Monday. March sales in North America, CAT's largest geographic market, fell 11%; sales tumbled 24% in Asia. Sales turned negative during the December three-month period for the first time in 30 months and have remained lower ever since. [View news story]
    Is this reflected in current stock price?
    Apr 20 06:28 AM | Likes Like |Link to Comment
COMMENTS STATS
2 Comments
0 Likes