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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$2.25 |
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Mkt cap ! $588.5M |
Open | High | Low | Value | Volume |
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1 | 4802 | 2.210 |
1 | 4802 | 2.200 |
1 | 4802 | 2.190 |
1 | 309 | 2.180 |
Price($) | Vol. | No. |
---|---|---|
2.260 | 4802 | 1 |
2.270 | 4802 | 1 |
2.280 | 4802 | 1 |
2.290 | 6557 | 2 |
2.300 | 20084 | 14 |
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