๐ป Caterpillar $CAT sinks -7% after Michael Burry discloses a short position
The 'Big Short' investor revealed a bet against CAT, pointing to its price-to-sales ratio hitting a 30-year high even as the mining segment saw profits crater 39% year-over-year. Management guided for $2.2-2.4B in 2026 tariff headwinds, piling on. Shares dropped to around $954 from a $991 prior close โ a hefty swing for an industrial giant. Record $63B order backlog is the bull case โ do you buy this dip or trust Burry? Not financial advice.
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