Id love to hear more about that order book that Mike Pivac mentioned months ago. When he made the comment it was if orders were already being placed with them for the machines.
Surely they would be tentative orders with a lot of conditions. I imagine it would be people wanting to secure a place in line subject to testing and price tag to be finalized etc. Early adopters maybe.
Im hoping a bit of light is shed in the coming months. I think FBR are confident that enough light will be shed that the 24c option will be attractive to CAT by the time the options expire. If you think about that then FBR feel they will have sufficient good news and the SP will be north of 24c.
DYOR, I have and am comfortable with my long term hold.
FBR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
