Caterpillar sees $2.5B stock repurchase in Q3 Caterpillar is announcing its intention to repurchase approximately $2.5B of Caterpillar common stock during the third quarter of 2014. This repurchase is part of the $10B stock repurchase authorization previously approved by the Board of Directors in the first quarter of 2014. The $2.5B repurchase expected in the Q3 is in addition to the approximately $1.7B that was repurchased by the company in Q1.
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).