Monday, October 19, 2015

CATERPILLAR.......ANOTHER PESKY FACT!

CATERPILLAR

Caterpillar is seen as a bellwether for the global economy because its equipment is big, expensive, and often the kind of investment a company makes only when it feels confident about its prospects and the global economy.

Year-to-date, the stock is down about 25%.

Caterpillar noted that 2015 would be its third straight year of sales declines. With sales also expected to decline in 2016 to around $48 billion, the company could be looking at its first four-year stretch of sales drops in its 90-year history.

The industrial giant announced plans for it to cut as many as 10,000 jobs as part of a restructuring plan in the face of what it called "a convergence of challenging marketplace conditions in key regions and industry sectors.

Caterpillar gave its latest update on three-month rolling sales figures, which have now been declining for an incredible 33 months. In August, rolling sales to the Asia/Pacific region were down 29% for Caterpillar over the prior year, with sales to resources-industry customers in this region falling an incredible 46%.


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