Thursday, August 20, 2009

Caterpillar July Numbers (CAT)

AlphaNinja - More news from the "frontlines" ->> meaning actual industrial results, as opposed to CNBC talking heads and politicians' predictions of an economic recovery.
CAT shares have rebounded sharply off their lows. Today they released July details from their dealers.

Dealers report sales down 48% worldwide, and down 59% domestically. The street is expecting a 42% drop in sales for this current quarter, so they'll need a rebound in August/September to hit that.


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