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Jim Chanos Reveals and Explains His Newest Short Position
Posted by: Canadian Value (IP Logged)
Date: July 17, 2013 01:47PM
Drum roll please...
The newest short for Chanos is Caterpillar (CAT).
The reason for this short is that Chanos believes that the bull cycle in resources caused by the Chinese construction boom is about to end.
Chanos goes through the numbers with respect to how mining capital spending is likely to decrease and hit Caterpillar's revenue in the video below:
Guru Discussed: Jim Chanos: Current Portfolio, Stock Picks
Stocks Discussed: CAT,