Monday, September 21, 2009

Caterpillar August numbers show no improvement (CAT)

AlphaNinja - While talking heads and "economists" swear the recession is over, the reports from the front lines tell a different story.
CAT shares have rebounded massively off their lows, and at this level have discounted quite a recovery. But similar to July, August sales were down nearly 50% year-over-year. Awful.

But don't fret says the AP! Sales are "stabilizing."

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