by Erik Kobayashi-Solomon | Oct 25, 2017 | Research
Caterpillar announced third quarter earnings yesterday morning and, for the second quarter in a row, management raised its revenue growth and EPS guidance for the year. Long story short, from our perspective, there was nothing surprising about the announcement; the...
by Erik Kobayashi-Solomon | Aug 30, 2017 | Research
In January, we published a Tear Sheet and ChartBook detailing a “Synthetic Short” investment in Caterpillar. Because there was one valuation scenario above the trading price of the stock at the time, we characterized this investment as a Low Conviction...
by Erik Kobayashi-Solomon | Aug 29, 2017 | Research
We have published a great many articles on Caterpillar in addition to creating a Guided Tear Sheet mini-course on the company. One of the problems with publishing materials about a company’s valuation is that one tends to become psychologically anchored to...
by Erik Kobayashi-Solomon | Aug 28, 2017 | Research
The bearish investment strategy in Caterpillar we published as a Tear Sheet, a ChartBook, and a Guided Tear Sheet earlier this year has not worked out according to my plans and desires, to say the least. Over the past few weeks, I have worked hard to pull myself out...
by Erik Kobayashi-Solomon | Jul 26, 2017 | Research
A good idea takes time, and I am still mulling over what to do with a bearish Caterpillar investment that is…frustrating…at present. I will post a new Tear Sheet and guidance for readers who may have, like me, invested in the bearish Caterpillar strategy...
