About Caterpillar’s “Tremendous Earnings Growth”, There Is Just One Thing…

One can claim, as CNBC has done today, that CAT had “tremendous earnings growth”. There is just one problem: this is also a tremendous lie.


About Caterpillar’s “Tremendous Earnings Growth”, There Is Just One Thing…:

With CAT and MCD accounting for over 100 of the 250+ Dow points today, one would think that, as CNBC has repeatedly stated today, these two companies are posting “tremendous earnings growth.”

And, in a way they are… a non-GAAP way. Because while CAT reported adjusted EPS of $1.28, up exactly 100% from a year ago  – almost as if it was goalseeked – something far less appetizing emerges when looking at CAT’s actual, GAAP EPS, which happen to be exactly one quarter of the non-GAAP number, or $0.32, a 30% drop from a year ago.

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The Great Economic Collapse (Video)

Mar 2, 2017

Silver and gold was slammed today. Initial jobless claims is at its lowest point in 44 years. BCBG filed bankruptcy. The art bubble is popping. CalPers threatens to slash pension benefits. Trump sent a message to every American that the economy is collapsing. Rickards, Stockman say Trump will not be able to avoid the debt bomb that is ready to go off. The Fed has set the stage to bring down the economy. BofA has analyzed the market and makes a prediction that the economy will collapse in the second half of this year.

H/t reader squodgy.

*****

‘The Great Economic Collapse’ coming to a country near you, …

… as planned by …

And it will happen exactly, when these bastards press this button …

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Caterpillar Retail Sales Decline For Record 47 Consecutive Months

Caterpillar Retail Sales Decline For Record 47 Consecutive Months:

While Caterpillar’s CEO may have resigned recently, admitting that he misjudged the business strategy, the stock does not appear to be bothered, soaring by 15% since the Trump victory on hopes an infrastructure push would make excavators great again. For now, however, the woes at the heavy industrial manufacturer continue, with yet another month of declining global sales, the company’s 47th in a row.

To be sure, there was a glimmer of hope for CAT coming out of Asia, where retail sales continued the rebound after posting positive gains in the August and September, rising 12% in October, the biggest annual gain since September 2012. This however was offset by continuing declines in North America, the EAME and Latin Ameica regions, which declined by 16%, 14% and 24% respectively.

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Following the latest, October, double-digit decline in worldwide sales, which dopped by 12% following the September 18% slide, CAT has not recorded a positive growth month for nearly 4 straight years, or 47 consecutive months.

cat-oct-sales

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Caterpillar Retail Sales Decline For 46 Consecutive Months; Worst Month For North America Since 2010

caterpillar-summary

Caterpillar Retail Sales Decline For 46 Consecutive Months; Worst Month For North America Since 2010:

While Caterpillar’s CEO may have resigned recently, the woes at the heavy industrial manufacturer continue, with yet another month of declining global sales, the company’s 46th in a row.

According to the latest monthly release of global retail sales which traditionally presages the company’s earnings release due out tomorrow, the company reported that North American sales dipped by 23%, the steepest monthly decline since February 2010, confirming recent speculation that demand for original equipment is simply not there. The rest of the world did not fare much better, with EAME down 17%, Latin America sliding 23% and only Asia posting a rare rebound in sales, up 3%, the best print in the series since October 2012.

Read moreCaterpillar Retail Sales Decline For 46 Consecutive Months; Worst Month For North America Since 2010

Caterpillar slashes revenue forecast, cutting up to 10,000 jobs

CAT sales LT


Caterpillar slashes revenue forecast, cutting up to 10,000 jobs:

Caterpillar Inc (CAT.N) slashed its 2015 revenue forecast on Thursday and said it will cut as many as 10,000 jobs through 2018, joining a list of big U.S. industrial companies grappling with the mining and energy downturn.

Shares of Caterpillar tumbled as much as 8 percent to a five-year low, pulling down the sector and knocking as much as 37 points off the Dow Jones industrial average .DJI.

Read moreCaterpillar slashes revenue forecast, cutting up to 10,000 jobs