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CAT Halted After 15% Post-Trump Spike: Warns Estimates “Too Optimistic”, Announces Cost Cuts, Layoffs

CAT Halted After 15% Post-Trump Spike: Warns Estimates “Too Optimistic”, Announces Cost Cuts, Layoffs

(Zero Hedge) – After soaring over 15% in the post-Trump period, Caterpillar shares are halted this morning ahead of a presentation at Credit Suisse Annual Industrial Conference. The presentation shows cost cuts, layoffs, and admits that 2017 consensus estimates are “too optimistic.” Other highlights: CAT Halted… Re-opened…Buy the dip… Full Presentation… www.zerohedge.com/news/2016-12-01/cat-halted-after-15-post-trump-spike-warns-estimates-too-optimisti…
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