Federal Agents Searching Caterpillar Offices in Illinois

I bet somebody with friends in the DOJ or IRS made some solid money on a short.

If it drops to $59, I'd consider buying for myself. Pending no crazy news that's going to significantly affect the company of course. That would put their market cap below revenue I believe.
 
I think Cat may pull back, but will not seriously plunge.

Trump says $1 trill. infrastructure play coming and he took the union voters with promises of high paying industrial jobs.

This inquiry will probably result in a IRS hand slap with a plea to a minor fine, that will get balanced out with a coincidental big govt. driven order back to CAT.

Tide has shifted, (even though the fake news is still reporting the wrong tide direction ).

The days of big gov. fines on Industry is gone for the next 4 years. Tide has switched to helping not hurting .

I lost a lot of $ and time in past swimming against tide. But hey I am just dumb.

Hope you make some money regardless.
 
I live in Peoria, I swear nobody that work there is happy right now. A few weeks ago I saw someone say on Facebook that Cat stock was gonna surge higher, I was so tempted to buy put spreads right then.
 
It Wasn't Broke, But Caterpillar Fixed It All the Same United Industries LLC, a Caterpillar unit, admitted cheating customers by making unnecessary repairs to railcars and hiding evidence of its manipulations. While the fine and restitution payments of $25 million are small beer, it's another unwelcome blow to Caterpillar's reputation, which is also in ongoing talks with the IRS over its tax issues. WSJ, subscription
 
You must log in or register to reply here.
Back
Top