Replies to post #25802 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT has thriving re-manufacturing business—(emphasis_on “re”):

https://www.wsj.com/articles/caterpillar-works-to-turn-old-engines-into-new-profits-11652175001

[DewDiligence]

CAT authorizes new $15B share buyback:

https://finance.yahoo.com/news/caterpillar-highlights-services-energy-transition-123000180.html

The new $15B authorization starts 8/1/22; the $1.4B remaining on the existing buyback authorization will presumably be used up by then.

Hypothetically, if the entire buyback authorization were used to buy shares at the current share price, the number of shares outstanding would be reduced about 14%.

p.s. CAT is holding an Investor Day webcast today.