Monday, January 28, 2013

Seeking Alpha: Commodity Prices And China Make Caterpillar A Yo-Yo

Reading Caterpillar's (CAT) release and listening to the call, I get the sense of management basically shrugging its shoulders and saying "heck if we know" when it comes to the year ahead. I can't blame them in the least, as listening to all manner of conference calls this earnings season has turned up a wide array of feelings, impressions and outlooks for the economy both now and for the rest of 2013. For better or worse, the near-term outlook for Caterpillar is likely to be dominated by commodity price trends, while the long-term value seems only so-so right now.

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Commodity Prices And China Make Caterpillar A Yo-Yo

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