Rev. & eps below expected.
Eps outlook down (7$?)
Copper price 315 $
Gold price 1400 $
backlog (k10 report) 20.4 bill and strogly below 1st q 2012
But sp sustained.
Any comment ?. Really i do not understand. Considering all the above i was expecting a sp going down to 70 or below.
The problem with your analysis is that there is nothing new there. Anybody still drawing air knew Q1 was going to be weak. Exactly why do you think Cat is off $20 since mid February? My guess is the shorts are covering today as many think this is the bottom. Now Cat's forecasting $7 EPS for '13. Take that times and 11 PE and we're at $80ish. This was totally price in and should have been given the available information. The good news was the strong cash flow from inventory reductions fueling the stock buy back plans. We'll see but I think we're at a near term bottom.
you are probably right. i'm just a small investor with few clues. anyhow i don't think i'll cover my short position immediatly. my short was 85$ on 1300 shrs. as you say, we'll see. i know cat is a good co. but things do not look well.