no way this miss and the poor outlook could reasonably be baked into the stock price. This was the worst quarter I've ever seen.......
Sentiment: Strong Sell
Of course it is baked in...it has fallen 5% over the past week
buy at 80 and sell at 85...I have made a lot of money playing this trend
Share price is down $19 since early February. Certainly appears something was baked in.
What? Have you already forgotten about '08-'09? Revenues were down over 50% YoY. This is a mining specific issue. Watch that sector rebound and Cat is back to record levels.
^ he says this every year on bad earnings ^ LOL.
whip out a 2 year chart (which he claims im a 2 year bear) and decide for yourself.
worst? worst in a couple of years or worst ever?