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Caterpillar Inc. Message Board

  • jmar93 jmar93 Apr 22, 2013 1:34 PM Flag

    The market is messed up

    This just shows how screwed up the market is right now, CAT should be in the hurt bag. Too many buyers, when this market finally turns it is going to be very ugly.

    Sentiment: Sell

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    • The broader market is currently trading on low interest rates, but high yielding stocks. The Japanese Yen situation only made the US stock market more attractive. As for CAT, this makes complete sense. The stock is down 25% in the past quarter. The results were already baked in to the numbers. The lowered guidance was also no surprise. Only surprise is a $1B stock buyback re-initiation - which means they view the stock as undervalued - and this creates more demand for the stock at these price levels (and hurts recent shorts). Makes complete sense....

      Sentiment: Hold

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