I would say CAT are the most vulnerable company in this space, simply because they went for a land grab and have huge overheads.
The original reason i bought the stock was because i thought this would work and all the competition would be burned.
That has obviously not worked and now they have massive costs just at the wrong time,
I have carried out a detailed analysis of the CAT revenue making the following assumptions.
80% of current service recurring revenue clients continue to pay
CAT get 20% of last years H2 revenue.
My estimation is that they will run out of cash by July/August
If Clients stop paying then it will be sooner.
I assume that all the contracts have force majeure clauses, which does not bare contemplating!!
A CR now is virtually impossible.
We had a market rally today (and yesterday) and CAT continued to fall, TBH that is ominous!!
How can Qantas stock go up by 26% while planes are on the tarmac and CAT stock continue to go down?
I am glad i got out a few weeks back and took my loses and ran.
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Last
$1.96 |
Change
0.083(4.39%) |
Mkt cap ! $491.7M |
Open | High | Low | Value | Volume |
$1.89 | $1.98 | $1.87 | $2.864M | 1.494M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 4437 | $1.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.97 | 2524 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 7692 | 1.930 |
2 | 1499 | 1.925 |
4 | 12566 | 1.920 |
4 | 13282 | 1.915 |
1 | 600 | 1.910 |
Price($) | Vol. | No. |
---|---|---|
1.940 | 11763 | 3 |
1.945 | 3981 | 3 |
1.950 | 9650 | 4 |
1.955 | 3777 | 3 |
1.960 | 1653 | 2 |
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