China Has Largest Trade Deficit Since 1989 as Imports Gain
they will be using heavy machines to make room for all the imports and clear space to stack up everything they aren't exporting. also they will need to clear space to keep all the Sany Heavy Machinery.....what is the title of this article?
Sany Growth Pared as China Slowdown Cuts Machinery Demand
but as we all know...some people think CAT has a horseshoe up it's a##! they claimed that cat would blow through the 52 week high and keep climbing...and last week they claimed that they would buy around $100. Your advice and thoughts have less credit every day.
Let's file this post and see where we are on April 20th. Q1 results will be another record for revenue and profits.
As Ben says Cat's been running 30+% YOY growth increases for 2+ years. Admittedly the number is trending downward because the previous year's base keeps getting higher and higher. So pick a PE you like and multiply it by $9.25. I'm thinking PE=15 so we're looking at a $140 stock by midyear. Give Cat just one more blowout quarter and all the analysts will be revising their estimates higher. As Oberhelman said China's tightening worked right into Cat's plans. Slow that overheated growth down to long term manageable levels, let Cat install the required capacity to support the Far East and we'll see high double digit growth rates for years to come.