Caterpillar continues to be cautious on mining industry Company will take additional restructuring charges in 2014 but the company also notes that inventory won't be a "big story" in 2014. Comment made on Q4 earnings call.
Chanos says heavy equipment companies 'have the wind in their face' Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).