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Who Said It? "You Can Measure America's Bottom Line By Looking At Caterpillar's Bottom Line"

By Tyler Durden
Created 11/04/2013 - 13:39
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 11/04/2013 13:39 -0500



 

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?

 

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Source URL: http://www.zerohedge.com/news/2013-11-04/who-said-it-you-can-measure-americas-bottom-line-looking-caterpillars-bottom-line

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11361
[3] http://www.zerohedge.com/news/2013-07-23/cat-nothing-very-overpriced-dog
[4] http://www.zerohedge.com/news/2013-10-23/why-we-should-all-worry-about-cats-earnings