POLL: Which Big-Machine Maker Will Win?
NEW YORK (TheStreet) -- Caterpillar, heavy-equipment bellwether to the world economy, bolstered investors with its third-quarter earnings report, released on Tuesday.
The Peoria, Ill., company -- maker of the iconic yellow machinery -- easily surpassed Wall Street's profit expectations, raised its short-term financial guidance and made some rosy comments about next year. The company now expects 2010 revenue to rebound by anywhere from 10% to 25% from the low point recorded in 2009. Whether one chooses to believe the company's prognostications is another matter. Still, assuming the big multinational concern is right about the coming recovery, which of these heavy-equipment makers, Caterpillar included, do you think will benefit the soonest from an economic rebound? Some of these choices specialize in different slices of the broader rolling machinery market, from agricultural equipment to mining to construction. Take your pick and, as always, feel free to explain your choice in a comment.- Loading Comments...
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