@michaeljburry trimmed his $CAT bearish bet by 75% after his put options quadrupled in value. $XLI Caterpillar shares dropped 10% last week before rebounding 7.2% on Monday to close at $598.88. Caterpillar: Forward PEG ratio = 1.19 P/E = 23.5x Return on equity = 56.1% EBITDA margin = ~22% While Burry takes profits on Caterpillar, he maintains bearish exposure elsewhere, keeping put options on tech names like $ORCL and $PLTR. Seeking Alpha Quant Rating for Caterpillar: Hold. Is Burry right to take profits on Caterpillar, or is the bear case just getting started?
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