Get Ready For Positive Caterpillar News, Say Analysts

At the start of March short sellers in Caterpillar Inc (NYSE:CAT) stock such as Jim Chanos of Kynilos Associates, a group noted by their particularly thick skin, were found licking their wounds. Chanos shorted the stock in 2012 in part on the thesis that China, a big market for Caterpillar’s heavy equipment purchases, would fall into troubled times. That negative catalyst didn’t happen. The stock moved higher to $110 in 2014 and then bottomed at $59.87 nearly one year ago, but even then Chanos didn’t take profits. Since then the stock steadily climbed in a reasonably consistent price uptrend channel…