I agree , every stock can be short , short to pull out profits is good , are a Company is a loser . Costco is not a loser when they are building to make more profit .
What a better way for Costco to prove how wrong you are , is with their saying that they are going to build 32 new stores , 13 of them in the states . I would think that you would know how wrong you are . What a dumb thought .
Just how fickle is Wall Street , where one day they are griping and punishing stocks , and the next day they are digesting every word Yellen says and stocks are up ????
Caterpillar Wins Major Contract From US DoD
Peoria - Caterpillar Inc. (NYSE: CAT) announced it has been awarded a long-term contract to manufacture 621G wheeled tractor scrapers for the U.S. Department of Defense worth up to $641.2 million. The wheeled tractor scrapers will be manufactured at Caterpillar's facility in Decatur, Ill. The machines will support the U.S. Marine Corps and the U.S. Army and will be used, along with other key pieces of Cat equipment, in construction engineering operations around the world, such as to construct roads and airfields and in other jobs requiring large amounts of dirt to be moved quickly.
These machines will have specifications called for by the U.S. Marine Corps and U.S. Army, including lift and tiedown provisions to allow for military transportation and keyless engine start. The Global Armored and Counter IED Vehicles Market 2013-2023
The five-year contract has the option of being extended for up to an additional five years. If the contract is extended for the full 10 years, the U.S. Department of Defense can potentially order up to 909 wheeled tractor scrapers.
"This contract marks the largest single award Caterpillar has won from the U.S. Department of Defense. This is an important win for Caterpillar, our Decatur facility and U.S. Marines and Army soldiers," said Bill Springer, Caterpillar vice president with responsibility for Diversified Products.
This contract was solicited under full and open competition, and the U.S. Marine Corps Systems Command of Quantico, Va., will serve as the contracting activity throughout its duration.
"Relative bright spots include North American Construction, Europe (where organic growth is flat YoY) and, to a lesser extent, China (where, despite macro headwinds, CAT continues to gain market share)".
It dropped to 72.03 , the same it dropped at an earlier date of Aug. , but came back up again later ,the same as it did today . So what's your point , the market goes down and also comes back up . And you make your own thrash . End of commentary .
m_mccruden , "I didn't want to alarm you and tell you the really bad news come February..... " .
So , why did you bother to mention it . It's obvious you enjoy writing your blah , blah , blah , to scare people . They may be reading your baloney , but I doubt they will do anything that you would hope they would do .
At least there is some positive news for a change .
UBS reiterated a Neutral rating and $79.00 price target on Caterpillar (NYSE: CAT) after visiting with IR in Peoria. CAT noted Komatsu, & Volvo to a lesser extent, are benefiting from currency tailwinds, while Deere has increased focus on construction in light of weak ag.
Analyst Steven Fisher commented, "We recently visited with CAT IR in Peoria. Relative bright spots include North American Construction, Europe (where organic growth is flat YoY) and, to a lesser extent, China (where, despite macro headwinds, CAT continues to gain market share). Moving forward, we think local Chinese competitors could be motivated to focus on defending share rather than expanding into foreign markets. Meanwhile, while some dealers may have too much construction or mining equipment inventory, CAT dealers' months' supply in aggregate is within an acceptable band. Inventory reductions are planned for 2H, but largely reflect typical seasonality."