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|Subject: Caterpillar selling for under $83||Date: 10/10/2012 2:52 PM|
|Author: pauleckler||Number: 46613 of 46774|
This is vs a support level of $82+.
CAT has been reducing earnings estimates due to slowdown in Europe and now China. Slowdown in coal and iron ore is also a factor. But if you think the politicians will do as they should and slow recovery from here is likely, this is a no brainer.
The immediate news is said to be reduced earnings estimate from Cummins. But CAT is a Dow stock which gets buffeted when international investors sell their Dow based investments.
CAT is an industry leader, a global leader, and a well managed company.
Great buying opportunity.
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