Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Thursday, July 18, 2013

Caterpillar Doesn't Generate Enough Free Cash Flow To Cover Dividend

Yesterday Jim Chanos announced his Short pick Caterpillar (NYSE: CAT)

A look at the free cash flow for Caterpillar for the trailing twelve month ending March 31,2013:
Dividend Paid ttm ending 3/31/2013:  $1,329,000,000.00
Free Cash Flow ttm end 3/31/2013:   $1,171,000,000.00

FCF only generated 88% of dividend! 

click to see enlarged numbers







Equities Research

Chanos Archives:
Equities Research: Chanos Talks Cash Flow
Equities Research: Chanos Sees Cash Flow Declining at HPQ
Equities Research: A Gloomy View of China
Equities Research: Jim Chanos: Psychology of short selling; China ...