It’s been three months since we discussed in depth the ‘problems’ that CAT faces. Recent earnings were a disaster 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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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/BGvzezhAJm0/story01.htm Tyler Durden