Category Archives: CAT

Caterpillar: CATting it short

It didn’t take too long since my last post for Caterpillar’s management to lower its EPS guidance and keep the tradition of doing so alive. Light to Friday morning, the company unceremoniously said that “the profit outlook at the midpoint of the sales and revenues range is now $3.00 per share.” I shall remind you… Read More »

Category: CAT

Caterpillar: the guide for the perplexed

Caterpillar’s CEO, Doug Oberhelman, is known to be extremely promotional. I always failed to understand how the market keeps on taking his word at face value given such a poor track record of forecasting and torturing the numbers. To get everybody up to speed, let’s see what has been been happening at Caterpillar since 2013: Take a minute to read… Read More »