Takeaway: $CAT Flash Conference Call on Friday @11AM


Date: Friday, September 14th

Time: 11 a.m. EST

Toll Free Number:

Direct Dial Number:

Conference Code: 581552#

*Materials will be distributed prior to the call.



While a great company in many ways, we believe that CAT is exposed to declining investment in its core markets.  In particular, the potential decline in mining-related investment may be severe.  This does not appear to be priced into the market or reflected in profit estimates.

  • CAT: End Market Exposures
    • Coal
    • Mining
    • Construction
    • Oil & Gas
    • Part Sales At Risk
  • Backlogs & Orders
    • Potential order cancellations coming
    • Impact of slowing Chinese growth
    • Last Quarter’s Results
    • Impact of Tier IV
  • Management Strategy
    • Acquisitions
    • Capacity Addition
    • Inventory Trends
  • Disconfirming Evidence
    • Chinese Real Estate Price
    • July Order Trends
    • Manufacturing Flexibility
  • Valuation & Sentiment
    • Our Valuation
    • Market View of CAT
    • Centrality of Mining Underappreciated


If you have any questions regarding this call please contact us at .

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