Maybe that's already a done deal. Don't worry about short term mining issues. They bought BUCY to broaden out their mining product offerings. Customers have been asking Cat for a one stop shop for mining for years. Once Cat is done re-engineering BUCY's product to include CAT hydraulics, engines, electronics, hoses and transmissions, customers will flock to the dealers to buy their equipment. Commonality and availability of replacement parts is a huge buying criteria. Wouldn't you want to service your hydraulic shovel with the same components as your 992 loader, or 789 truck? One order, one delivery, one invoice. The current mining slow down is temporary, look past it and see the synergies of the Bucy / Cat hookup.
Cat is a great buy at these levels. The current weakness is totally priced in. Cat reports Q1 results next Monday, listen to the conference call to get second half guidance. If they say things will remain soft for the balance of the year, we're stuck in this trading range for a while. If they say things look promising for H2 as they guided in the Q4 call, I think we'll see a nice bounce in Cat's stock price. Monday's call will tell us a lot.