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Takeaway: Please join us March 27th at 11AM for our Mining & Construction black book call.

Mining & Construction Equipment Call Invitation - Picture2

The Hedgeye Industrials Team, led by Jay Van Sciver, will be hosting a black book conference call on Wednesday, March 27th at 11:00am EST entitled "Mining & Construction: Running Just To Stand Still." Jay will be highlighting the emerging opportunities in the mining and construction space as well as detailing bearish aspects of commodity markets, including production and demand data.



  • Examine the causes and sustainability of the recent moves in mining product prices
  • Update CAT thesis and data from Conference Call held September 14, 2012  
  • Update data and provide outlook for mining capital spending
  • Characteristics of historical capital investment cycles
  • A look at Global Construction Equipment market
  • Construction equipment demand trends
  • Industry structure analysis for Construction Equipment & Mining Equipment
  • Competitive entry, technological developments and other changes to the industry structures
  • Valuation of key competitors under different scenarios



  • CAT
  • JOY
  • TEX
  • OSK
  • MTW
  • GE 
  • Sandvik (SAND SS) 
  • Komatsu (KMTUY)
  • Finning (FTT CN)
  • Toromont (TIH CN)
  • Hitachi Construction (6305 JP)
  • Atlas Copco (ATCOA SS)


Please email to obtain the dial-in information for this call and a copy of the presentation, or to learn more about our research.