Replies to post #20741 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT blames global-trade uncertainties for weak 2020 guidance (#msg-153591955). The 2020 guidance takes into account the coronavirus outbreak, although CAT hasn’t disclosed how much of a hit is baked into the guidance for the virus.

[DewDiligence]

CAT typo correction—2019 non-GAAP EPS was $11.06 (not $9.06, as in my prior post).

The rest of my prior post—including the statement that 2020 EPS guidance equates to a range of [-23% to -10%] YoY—is correct.

[DewDiligence]

Barron’s likes CAT on valuation—says it’s at a cyclical earnings trough:

https://www.barrons.com/articles/caterpillar-stock-looks-cheap-its-time-to-buy-a-stake-51582329809

CAT is in one of the portfolios I manage*, but I’m not planning to add in the near future.

One concern: CAT hasn’t talked about Covid-19 since its 4Q19 earnings release on 1/31/20 (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153592040 ), which is an eternity in viral time.

*https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153391142.