CAT: The Slowing Continues
It’s worth noting that with Caterpillar (CAT) management offering lower guidance for 2013 recently, the stock has dropped -28% since late February when we first initiated our #EarningsSlowing call. Look around the market and you’ll see a lot of other companies that look like CAT. The slowdown in earnings across all sectors is one of our big macro themes and it’s certainly more relevant than ever at this point.
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