I would not necessarily say that CAT had a disappointing quarter...just did not meet what analysts thought it should be. Who are these analysts anyway. Do you think they are related to the ones that track Apple? CAT has only missed earnings once in the immediate past. All other quarters have been blowouts. Their guidance then is nothing more that restating what is already in the news (China and Brazil slowing down, etc.) We already knew that, and the analysts should have known that and reacted BEFORE the earnings were reported. Anyone can be great with hindsite data...that is all Analysts use.
@blue, cramer is no different than every analyst, fund manager, and every other person, including me. We loved the results, but everyone looked to Cat as a way to evaluate the growth of China and emerging market, and we didn't like it when the confirmed the slowing. Even if you think things are going to improve, I know I'm not holding at 101 for a Quarter and have to depend on their growth coming from the US or EU. I'll wait until I get a better price and dip back in. If I don't get it, I still have my core holdings, to fall back on. I can't ever see losing money in this stock. Even if I couldn't get out ahead then I would have held until the price return or I died first.
Hey Ben, in your opinion, the earnings estimates were too high this time around? I mean take a look around at all the companies that lowered estimates, CAT did not, but this doesn't seem to matter at all today, I think that in a few days or a week, people will come to their senses and realize that CAT knocked the cover off the ball. I am looking for a snap back, CMI reports in early May, so will DE. What do you think? A lot of people are calling for sub $100 this and that, anything can happen I guess but this was not warranted.
you didn't need a confirmation of a china slowdown via CAT --- the data's been there for a few weeks now.
i know it's difficult you to do as a message board tough guy, but just admit you're holding the bag right now, and cut your losses short. the summer's not gonna be kind.
What bag do you think I'm holding stone, I never lose money on this stock, you still making stupid uneducated remarks I see. China has been trying to goofy. The summer is not going to be kind only if you don't know what you're doing.