Wednesday, October 30, 2013
Caterpillar: Inventory Build-up Causing Orders to Dry Up
Caterpillar Inc. (CAT) is the bellwether for the machinery manufacturing industry. It designs, manufactures, markets and sells heavy machinery and equipment to the construction, mining and power generation industries.
The company operates on a global scale, and its performance is tied to macroeconomic conditions in different countries worldwide. For this reason, Caterpillar’s order growth and dealer inventory levels are considered a leading economic indicator. Read More : CAT, DE, JOY, RIO