The Banking and Strategy Initiative

Chillin' out till it needs to be funded

It's Caterpillar earnings season here! | Caterpillar Insight

The company with interests in China and US almost equally rode out 2009 and 2010 to shine in the markets as one of the top 10 stocks and after buying Bucyrus took abreather in dull 2011

Of course it’s not a good report for AT&T but the iPhones are still selling like hotcakes and they could be another story in 6 months. Boeing and

RUSSIA - JUNE 16: Gerard R. Vittecoq, Group Pr...

Image by Getty Images via @daylife

Netflix have good reports that we want to check for our bag of goodies for all of you next week.

Profits for the full year rose 80% and Full year revenues topped $60 bln

Caterpillar ran up a 58% rise in earnings from 2010 December. Last time we spoke of them after the Bucyrus pick me up they had just doubled earnings in the September quarter of 2010 too. The retail lifestyle stories have sat well with you and Caterpillar something you missed on our merit charts since we started a talkin’ on non bank earnings in the great big 2009 put down and the consumption strike. US Caterpillar exported $20 bln worth this year. It also created 14,000 jobsint he US and 33000 globally in the last two years when not all infra companies could buck the trend. Forbes has a good big treat of Caterpillar from head to toe

Caterpillar of course is a recession play now in many portfolios but we do believe it is an all season play with a good value for growth fund , Emerging market and special situation managers and consulting careers to anchor.

The street expected less than $2 per share when Caterpillar announced the $2.32 per share $1.55 bln profit, adding all of it to the Topline surprise with a $17.24 bln quarter. Full year profits were just under $ 5bln for a $7.4 earnings kicker

Bloomberg also pointed out  ( still waiting for earnings transcripts) that the comppany’s top of the line machinery and power systems division delivered their best ever cash flow of $8 bln. The Bucurus mining purchase also paid in shovels in 2011 esp in China and mining spends are growing 25% this year

BCS and Robert Baird have increased targets ahd of results to $128. We are bought on the share in our cash and options portfolios

2010 Bucyrus/ERA deals

Enhanced by Zemanta

One comment on “It's Caterpillar earnings season here! | Caterpillar Insight

  1. Pingback: CBOE gets Earnings Kicker | Earnings insight | The Banking and Strategy Initiative

Comments are closed.


This entry was posted on January 26, 2012 by in Amitonomics, Financial Markets, Global, Infrastructure and tagged , , , , , , , .


%d bloggers like this: