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onlyme2

Going, Going, Gone

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Wonder if some brownfield will pay all the factory relocation costs? Perverse incentives that have riddled the economy if so.

http://www.expressandstar.com/news/local-news/2014/09/20/staff-speak-of-shock-at-job-axe-as-agency-workers-hired/

The Caterpillar-run Turner Powertrain Systems is proposing to axe 70 per cent of its workforce with work being moved overseas, as was revealed earlier this month.

Work is being moved to India, France and the US with the firm saying the cuts were in response to 'worsening marketing conditions'.

...

Days after Caterpillar made its announcement, aerospace firm Timken revealed it would shut its Wolverhampton factory with the loss of 84 jobs,

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Caterpillar has had really strong gains on the DJIA this year.. some 25% up. Keep hearing the reasoning about it being a bet on 'global growth'.

Wolverhampton (Wikipedia): Today, the major industries within the city are both engineering based (including a large aerospace industry) and within the service sector.

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Caterpillar has had really strong gains on the DJIA this year.. some 25% up. Keep hearing the reasoning about it being a bet on 'global growth'.

Wolverhampton (Wikipedia): Today, the major industries within the city are both engineering based (including a large aerospace industry) and within the service sector.

I think Denninger or mish frequently blogs on this...say that the share performance isn't matched by the orders book!

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Hmm... companies relocate abroad due to "worsening conditions", leaving fewer people in jobs and therefore able to buy products from companies, which means they have to relocate abroad due to "worsening conditions"...

What could possibly go wrong with an economy like this? :D

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I think Denninger or mish frequently blogs on this...say that the share performance isn't matched by the orders book!

I was thinking of a short, but was too scared; don't know enough about their cash/investment position.

102.51 on September 19, 2014

84.44 last close (approx).

2009 year low.. approx 23.23

Caterpillar Suffers Worst Month Since Lehman, 26 Consecutive Months Of Declining Retail Sales

02/19/2015

Once upon a time, Caterpillar was the world's industrial bellwether and a Dow Jones Industrial staple. Lately, in addition to suddenly developing a very close relationship with Federal authorities who "are investigating the movement of cash among Caterpillar Inc. ’s U.S. and overseas subsidiaries", CAT has become a completely ignored and forgotten poster name of the "old-economy" (the on in which cash flow still mattered). However, there are those who still believe that the second coming "eyeballs" as the only valuation term category is destined to end in tears, and as such care about how companies like CAT do.

Sadly, we have some more bad news: Caterpillar just reported that in January, it suffered its worst retail sales month since Lehman, with global sales plunging 14% from last January (when sales in turn had dropped 8% from a year before, while the year before had slid 3% from the year before that and so on). In fact, January was so bad, it was the first month since 2013 when CAT reported declining sales across all regions in which it does business, now that the dead CAT bounce in North America is over.

CAT%20retail%20region%20Jan%202015_0.jpg

continues in full http://www.zerohedge.com/news/2015-02-19/caterpillar-suffers-worst-month-lehman-26-consecutive-months-declining-retail-sales

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If the news is bad, BUY BUY BUY

When did you buy Tesco in the past couple of years? Morrisons?

Or going back a little further, when did you buy bank shares? Or Woolworths?

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