This page has been archived and commenting is disabled.
Caterpillar Global Retail Sales Continue Sliding, Drop For 15th Month In A Row; LatAm Tumbles
Any minute now...
Just like with the fabled Abenomics recovery which is said to be just around the corner, so Caterpillar, whose stock has discounted a Phoenix-like rise from the ashes, continues to disappoint month after month, with no actual pick up in sales, and as was just released moments ago, in February the heavy industrial equipment maker posted the 15th consecutive decline in global retail sales, which declined 8% from February of 2013, which in turn was a 13% decline from 2012.
The only silver lining in the data set was the tiniest of Y/Y increases for North American sales, which saw a 2% increase, up from 1% in January. However, this was more than offset by tumble in Latin American sales, which declined 16% compared to last year, far worse than the 11% drop seen in January, and the worst print for the continent since February 2010.
Finally, broken down by segment, while both Power Systems and Construction Industries machines posted global sales increases of 2% and 9%, respectively, it was the ongoing collapse in the company's bread and butter, Resource Industries, that tumbled by 37% in February, confirming the commodity glut is truly crushing CAT which is unable to increase its sell through into this all important product vertical. It also means any hopes for an Australian commodity boom and/or decoupling from China, will be very short lived indeed.
- 7420 reads
- Printer-friendly version
- Send to friend
- advertisements -



When this whole shit collapses, it will be terrifying.
Catchy, you should but it on a bumper sticker.
How's that 2% inflation target going Yellen?
Who here remembers Lawn Darts?
Up, up, up, then down, down, down. Finally hits the ground and comes to rest dug in the dirt about 4", where it stays. Sort of like that chart.
I've found the solution! Israel has said it needs another $10B to start war with Iran in 2015. Congress will grant them the money as they don't want their dirty laundry aired by the NSA. We all know there will be no Iran war, so all that sweet green paper could be used to purchase tons of pretty green Caterpillars (with pyramid logos), by which to crush those evil antisemite Palestinians!
We better buy a CAT bulldozer while they're cheap to dig ourselves out with then.
Or... Better yet.. to dig IN with!
A road builder I once knew said"Cat equipment is the best equipment that a fuck of a lot of money can buy".
http://www.youtube.com/watch?v=NZR64EF3OpA
My bigger concern is not the drop in sales. It is that Caterpillar in recent years has been loaning this "big machine" buyers money from its own so-called "credit-card" operations. How much of that cash will get returned ?
We better start picking up China's slack on the empty city building. We can start by tearing down Detroit.
"We can start by tearing down Detroit."
Isn't Detroit already being disassembled already by scavengers?
Detroit spends more money issuing parking fines than it collects from them
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/03/19/detroit-spend...
Chicago,
Your on your way to being a Detroit, the mayor's raising taxes and fees again.
It's hard not to conclude that these people are totally fucking stupid.
The lesson Emmanuel draws from Detroit's plight is that he should do exactly the same things in Chicago?
Idiot, is the only descriptor one can use in this situation.
Mold, rot and general entropy will fix what all the money priting in the world has not been able to.
That Washington Post article had me figuratively hitting myself in the head. The topic itself is worthy of publication, but the style of the writer, and the inferences she made, were terrible. If the comments section is to be believed, her mother was a proponent of increasing parking fees and fines - which is exactly what you want to do in a place where no one wants to go, of course.
We can use Cat "Waste Handling Dozers" to tear down the city.
http://www.cat.com/en_US/products/new/equipment/dozers/waste-handling-do...
I would love a newly built detroit, to bad they just sent our bailout money to Ukraine!
They offered Detroit to the woodworms. It's a politcal thing...
Why!?
It puts the Dems in a real bad situation since D-town has been completely run by Dems for decades. Even Massachusetts throws in a Republican governor every now and then so when stuff goes bad you can say it happened under that regime. See the "blame george bush and dick cheney" strategy. Detroit is screwed.
>> run by Dems
Red/Blue, Red/Blue, were fucked.
Sorry Detroit is just the way the globalists like it.
just another chance for me to pick up CAT at 27 and scoop in those $0.60 dividends... yawn... when war starts CAT will go full military and hit 200 lol
Sounds like a global growth bonanza, hurry up and tell the bond market we should raise rates next year...
Caterpillar and the Baltic Dry Index do seem to be signaling a contraction, don't they?
THEY DIDN'T NEED CATERPILLAR DIGGERS AND LIFTERS TO BUILD THE PYRAMIDS!!!!
ALL THEY NEEDED WAS CHEAP LABOR SERVS AND A WHIP!!
Hmmmm....... buggy whip manufacturing runs in cycles.
Taser guns will also do
cash for clunker bulldozers anyone?
Obama should start a programm to level the rocky mountains. And rumor has it that they'll need a lot of bulldozers to do it!
Shovel ready jobs, Bullish
I am sure Cat has there political consultants in DC asking for something...
Yeah, A bill to bury Detroit. Oh yeah, and that oil pipeline from Canada to the Gulf.
But I guess the bridge crossing the Bering Strait is not a good idea now that we're not friends with Russia anymore.. again.
America and Russia are just FUCKBUDDIES and America is the one sitting on it's hands and knees...
but friends?... no...
Of course. CAT has a manufacturing plant near St. Petersburg and an office in Moscow.
http://www.bloomberg.com/news/2014-03-14/caterpillar-urges-multilateral-action-over-ukraine-crisis.html
Anyone remember this?
http://www.c-span.org/video/?284018-1/presidential-remarks-caterpillar-f...
Good thing it wasn't Bush making that speech or we'd hear about it 24/7/365.
>> Good thing it wasn't Bush
Red/Blue, Red/Blue, same old/Same old.
Stocks loving this news. Almost green. #winning
Earnings do not matter as long as CAT can do a leveraged equity buyback we are good to go.
CAT still near its 52 week high
Caterpillar better start manufacturing sanders, snow plows, and snow throwers if it is going to survive with all this global warming going on.
If they could make some super efficient air conditioners, Australians would buy them by the pallet.
The market is hooked on Fed printing. The printing will continue and may increase as soon as the Fed sees the markets slidinging.
Not publically.Its existential for the USD and themselves now.
When Mali bicomes the largest holder of UST's the jig is up.
No more ridiculous than Belgium.
MModal (JPM owned) files Ch11
http://online.wsj.com/news/articles/SB1000142405270230402630457945108026...
This story is NOT to be found on the home page of any MSM site - yet it is the biggest story of the day.
Thank you ZH.
Well it was on cnbc as they said the opposite about construction related stocks....buy now.
What kind of liar can not see the worldwide slowdown? Those that are paid not to!
I agree shit storm is coming but lots of these people enjoy their cushy life drinking expensive coffee, and cheap champagne while being told they're important because theyre on tv or talk shit in a congress or parliament somewhere. They're burying their heads in the sand, because they like how it is. No big conspiracy, just fuck load of ignorance.
It wasn't because of the weather?
"Anka", I said, "Yesterday I ought a cup of coffee in Moscow for 250 rules, and today it only costs 125! What's going on?"
"Comrade Commander, it is deflation. In today's global debt based fiat money economy, run by interlinked central banks and large financial players, liquidity is based on debt-service. Any reduction in payments will lead to a cascading downwrad dynamic of sudden bankruptancy and consequent credit tightening, which becomes a self-reinforcing spiral dynamic based on a descending phi-factor curve."
"Well, I don;t know about any of that Comrade Anka, but it seems that I have less money in my pocket than ever!"
Israel loves Caterpillar.
Palestinians hate Caterpillar.
Obama: "You Can Measure America's Bottom Line By Looking At Caterpillar's Bottom Line." http://www.youtube.com/watch?v=OR1_6ygl0Q0