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DewDiligence

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DewDiligence

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Re: DewDiligence post# 21796

Wednesday, 04/29/2020 5:32:31 PM

Wednesday, April 29, 2020 5:32:31 PM

Post# of 29364
CAT reports weak 1Q20 results—suspends 2020 guidance—stock rises anyhow (+4% today, one day after PR release yesterday morning):

https://www.caterpillar.com/en/news/corporate-press-releases/h/1q20-caterpillar-financials.html

The only “good” news in CAT’s 1Q20 report is that 75% of CAT’s global manufacturing facilities continued operating throughout 1Q20 and are still operating now because they are deemed an essential business by almost all jurisdictions.

1Q20 CC slides:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/1Q%202020%20Earnings%20Presentation.pdf

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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