Thursday, April 23, 2009


On Tuesday, April 21st, CAT released negative earnings for the first quater of 09, which is the first time in 17 years, but still beat analyst expectations. They also cut there EPS from 1.79 to 1.25, bringing down share price to a week low of $28.84. CAT's stock price increased to $34.72 because CEO James owens said in a conference call that Chinas stimulus bill will help growth towards the end of 2009 into 2010. Today, CAT closed at 32.45, bringing our position up to a gain of 23.2%.

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