Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Caterpillar November 2016 Sales -17%, Terrible Risk Reward

Caterpillar December Sales -12% YoY, Q4 2016 Sales to Average -15% YoY

Caterpillar September 2016 Retail Sales -18% YoY

Caterpillar : Up 29% YTD. Paying For A Recovery That's Not Happened Yet ?

Kelusa Asia Focus Funds

Equity Bottom-Up

Caterpillar's outlook for 2016/2017 is best summarized in their earnings release on page 2. I don't really need to say more after posting this excerpt. Stock reaction was a bit puzzling but then again consensus still continues to expect a recovery which is why the stock is trading at these inflated multiples ( Read my piece <a href="https://www.smartkarma.com/insights/caterpillar-up-29-ytd-paying-for-a-recovery-that-s-not-happened-yet" target="_blank" data-smartkarma-citation="insights:6511">Caterpillar : Up 29% YTD. Paying For A Recovery That’s Not Happened Yet ?</a>)<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/015/322/original/CATOutlook.png?1477445704" class="editor-image img-responsive" data-smartkarma-image-id="15322"></figure>Source : Q3 filings companyTo put things in perspective analysts would have to lower their numbers…

Caterpillar's outlook for 2016/2017 is best summarized in their earnings release on page 2. I don't really need to say more after posting this excerpt. Stock reaction was a bit puzzling but then again consensus still continues to expect a recovery which is why the stock is trading at these inflated multiples ( Read my piece Caterpillar : Up 29% YTD. Paying For A Recovery That’s Not Happened Yet ?)Source : Q3 filings companyTo put things in perspective analysts would have to lower their numbers…

Caterpillar Inc

Caterpillar 3Q 2016: Guided Down