Caterpillar Suffers Worst Month Since Lehman, 26 Consecutive Months Of Declining Retail Sales
by Tyler Durden
ZeroHedge.com
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.
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