Seeking Alpha


Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Caterpillar's (CAT -1.5%) retail sales of machines -13% Y/Y in three months to February vs -12% in three months to January, with AsiaPacific -26% in Dec-Feb, North America -12%, EMEA -9%, Latin America +3%. Power Systems sales -7% in February period, as in January period; electric power -8%, industrial -25%, transport +15%, petroleum -8%. (PR[View news story]
    ... at this point CAT is on a longer term platform. The company is strong with a solid financial base. One year ago, the market ran Caterpillar up to 116.96 - chasing the 140 twelve mth projection made by several analysts. This was a mistake for no one forsaw the redirection coming out of China, as that country re-aligned it's government. Europe continues to be a challenge but will eventually sort itelf out. Within the next 6 - 18 mths CAT will rebound to it's high of a year ago, as China resumes it's infrastructure development, the US housing market continues to improve and Europe levels off.
    Mar 20, 2013. 12:48 PM | Likes Like |Link to Comment
1 Comment