Following on from my earlier post about Caterpillar's troubles, JCB now report a huge plunge in sales.
>>Click Here<<
Quote:-
“In the first six months of the year, the market in Russia has dropped by 70%, Brazil by 36% and China by 47%,” said JCB CEO Graeme Macdonald in a press release.
Yeah, not so good.
Update on Caterpillar. Their share price continues to fall, from a high of just over $106 within the last year, they're now at $69.39 as at the close of trading in New York a few hours ago. That's a drop of about 34%. Caterpillar now fall into the buy territory with a P/E lower than 15.
(Note: These opinions are information only and do not constitute investment advice. If you need investment advice on these stocks or anything else for that matter, talk to your recognised and professional investment adviser. Better still, do your own research and act on it confident in your own ability.)
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