It's been three months since we discussed in depth the 'problems' that CAT faces [3]. Recent earnings were a disaster [4] and the CEO offered little to no hope for short-term recovery. Today, things got a little worse...
- *CATERPILLAR TO CLOSE UNDERGROUND-MINING EQUIPMENT PLANT
- *CATERPILLAR SAYS DECISION AFFECTS ABOUT 40 PEOPLE
Of course, the irony is not lost on us as we rhetorically ask, who said the following: "You Can Measure America's Bottom Line By Looking At Caterpillar's Bottom Line." Let's hope not for the nation's sake.
The Curse of the Obambino?
