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 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 continued with it's negative sales trend for the 48th straight month.  The YoY comps still look bad but the share price is up 36% YTD and continues to remain a conundrum where a global recovery + Trump stimulus has almost been priced in. Let's take a look at the retail sales numbers released by Caterpillar geographically. Here is a snapshot of machinery sales for the last 16 months. <div class="content-highlight">CATERPILLAR MONTHLY RETAIL SALES ( YoY - 3 month Avg ) </div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/018/038/original/Caterpillar%20Monthly.png?1482291227" class="editor-image img-responsive" data-smartkarma-image-id="18038"></figure>source : company , <a href="http://www.caterpillar.com/content/dam/caterpillarDotCom/retailStats/2016%20(November)%20Monthly%20History.pdf" target="_blank">http://www.caterpillar.com/c</a>…

Caterpillar continued with it's negative sales trend for the 48th straight month.  The YoY comps still look bad but the share price is up 36% YTD and continues to remain a conundrum where a global recovery + Trump stimulus has almost been priced in. Let's take a look at the retail sales numbers released by Caterpillar geographically. Here is a snapshot of machinery sales for the last 16 months. CATERPILLAR MONTHLY RETAIL SALES ( YoY - 3 month Avg ) source : company , http://www.caterpillar.com/c…

Caterpillar November 2016 Sales -17%, Terrible Risk Reward

Caterpillar Inc

Caterpillar November 2016 Sales -17%, Terrible Risk Reward