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To: - with a K who wrote (21163)5/17/2005 9:44:46 PM
From: - with a K  Respond to of 78707
 
CAT news:

NEW YORK, May 17 (Reuters) - Caterpillar Inc. (CAT) on Tuesday said machinery and engine sales each rose 20 percent in April from a year earlier.

Retail machine sales were helped by strong sales in Asia/Pacific and Latin America, with sales up 22 percent in Asia, compared with a 13 percent rise in March. In Latin America machinery sales grew 65 percent, compared with 57 percent growth in March, the company said on its Web site.

Analysts said the sales figures were strong, despite tough comparisons from a year ago.


"April retail sales were impressive, especially considering (the) recent slowdown in certain machinery names and a general softening in the industrial economy," JP Morgan analysts said in a research note.

In the engine business, sales of petroleum engines jumped 25 percent, compared with a 13 percent increase in March, while sales of industrial, marine, truck and bus engines declined slightly. Electric Power engine sales rose 23 percent, compared with a 15 percent increase in March, and 35 percent rise in February.

April dealer inventories were 36 percent higher than a year earlier, the company said.
(Per Prudential, when adjusting for higher sales unit volume, months of sales in inventory decreased 8% YOY.)

And if this transportation bill gets past the White House I would think this would be beneficial long term for CAT as lots of spending will follow for highway construction.

WASHINGTON, May 17 - The Senate overwhelmingly approved a $295 billion highway and mass transit bill this afternoon, setting up a showdown with the White House, which has called for a bill $11 billion smaller.

The 89-to-11 vote reflected the desire of most of the lawmakers, regardless of party, for more road and transit dollars for their states, especially since the last big road-and-transit aid program is set to expire at the end of the month....

Senator James Jeffords, independent of Vermont, urged Mr. Bush to reconsider his veto threat. "This bill will have an impact on every city and every town and every state," he said. Mr. Jeffords is the minority leader on the Environment Committee.


nytimes.com



To: - with a K who wrote (21163)6/10/2005 12:05:31 PM
From: - with a K  Respond to of 78707
 
Caterpillar declares 2-for-1 stock split, ups div 22%

SAN FRANCISCO (MarketWatch) -- Caterpillar Inc. (CAT) on Wednesday announced a two-for-one stock split and increased its quarterly dividend by 22% to 50 cents a share from 41 cents a share on a pre-split basis. On a split-adjusted basis, the per-share increase of 4.5 cents is the largest in the company's 80-year history. The stock-split shares will be distributed on July 13 to shareholders as of June 22 and Caterpillar's previously announced share buyback program goal to reduce outstanding shares to 320 million will be adjusted for the split to reflect an adjusted goal of 640 million shares outstanding by October 2008. The new quarterly dividend rate of 25 cents a share is payable August 19 to shareholders as of July 22.

I see the average for analyst's forecast for next year's earnings have risen over 9%, from $8.39 60 days ago to $9.16 today.

My FV analysis in April was using an estimate of $8.39, the low then. The low today is $8.50.

finance.yahoo.com



To: - with a K who wrote (21163)7/21/2005 10:19:23 AM
From: - with a K  Read Replies (1) | Respond to of 78707
 
Caterpillar Tops 2Q Street Targets -- Guides 2005 Above Street
08:05 a.m.

Boston, Jul 21, 2005 (MidnightTrader via COMTEX) -- Caterpillar (CAT) today reported 2Q EPS of $1.08 on revenue of $9.36 billion. The FC mean was for EPS of $1.01 on revenue of $8.409 billion.

Caterpillar said it has raised its 2005 guidance and now expects profit of $4-$4.20 per share; the FC mean is $3.96. Caterpillar said revenue is forecast up 18%-20% from 2004.



To: - with a K who wrote (21163)10/21/2005 9:49:32 AM
From: - with a K  Respond to of 78707
 
I stopped out of CAT for a 16.5% gain in 5 1/2 months. I had the stop set prior to earings this morning and it actually triggered yesterday. I clearly left some money on the table since it is down from its recent high, but I'm OK with that. Spek's comments also come to mind:

. I have made it an habit to sell first in the face of unexpected bad news and ask questions later.

PEORIA, Ill. - Construction giant Caterpillar Inc. said Friday third-quarter profit grew 34 percent as strong global demand and improved prices boosted revenue, but the company cut its full-year profit forecast on potential charges and a higher tax rate.

Its shares tumbled more than 6 percent in pre-market trading.

Earnings increased to $667 million, or 94 cents per share, for the three months ended Sept. 30 from $498 million, or 70 cents per share, last year. Total sales and revenue climbed to $8.98 billion, up 17 percent from $7.66 billion a year earlier.

Analysts were expecting adjusted earnings of $1.06 per share on revenue of $8.47 billion, according to a Thomson Financial poll.

The company cut its full-year forecast, saying it now expects 2005 earnings of $3.85 to $4 per share, down from its previous estimate of $4 to $4.20 per share.