Shares CH Robinson Worldwide and Caterpillar could fall by as much as 35% and 50% respectively according to shortseller presenters at MYST Advisors Bear’s Den dinner.
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For both CH Robinson and Caterpillar, the short thesis is based on falling sales in a soft market. Specifically, with Caterpillar the presenter believes that the company has been over shipping for several years, and the used equipment market is very soft with pricing down 10% year-on-year. What’s more, the US construction recovery appears to be on its last legs, and once the big Gulf...
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