Mike's explanation of stepping away from CAT make sense to me, there are PROs and CONs but current JV model will have much better rewards (sorry I am too greedy), of cause if we can survive till then.
A wise man with glasses at the left of the 4th row asked "if CAT is still around", Mike answered yes. And Mike mentioned China many times, the same man asked "road and belt initiative" and Mike agreed it is potential opportunity, but overall I can feel Mike is not interested in Chinese market so far. Later Mike confirmed the target market of HX is greenfield project, not a small land surrounded by houses.
Mike's explanation of stepping away from CAT make sense to me,...
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