Don't be late to the party...a lot of folks already missed the good drinks and the band. Sure, CAT is going to have a poor quarter, but there is no comparison between Apple and CAT. I do agree with other posts on this board that CAT will show good guidance going forward that will equalize the stock drop. NOW IS ALWAYS THE BEST TIME TO BUY CAT.
I remember one qtr not that long ago where Cat turned in great numbers and the stock fell 10 bucks because of what they were saying going forward !
Most on this board sold ahead of that but this is kind of the opposite where the numbers stink but forward guidance should be promising !
Good test for those that think its all about todays news !
I will buy any pull back here.
Sentiment: Strong Buy
I think you're probably right. Q4 was going to be weak even before they wrote off $580M. That's a foregone conclusion. The issue to listen for Monday is what do they say about 2013. Previously they've said steady as she goes. Revenues -5% to +5%. But it seems to me that '13 growth expectations have improved since October. Europe hasn't imploded, S America is recovering, China is recovering, N America didn't leap off the fiscal cliff and at least we're talking about returning to fiscal responsibility. Last month's sales to user data was weak but I hope that was election/cliff related. Should have December's data today or tomorrow. Monday's conference call, as always, will set the tone for the year.
The International Monetary Fund has cut its global growth estimates for this year and next by 0.1 of a percentage point, on continued concerns over the eurozone.
This year's growth estimate has been lowered to 3.5 percent from the 3.6 percent published in Oct, while 2014's prediction is cut to 4.1 percent from 4.2 percent, the Washington-based lender said in its latest World Economic Outlook published on Wednesday.
China's annual growth prospects remained unchanged at 8.2 and 8.5 percent, respectively.
Growth in the United States is likely to reach 2 percent this year, but the eurozone economies may fall into a 0.2 percent contraction, said the report.
Global growth will strengthen gradually in 2013, said the IMF, as the constraints on economic activity start to ease this year. But the recovery remains slow, and the report stressed that policies must address downside risks.
- China Daily