The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Foolish Collective

URL:  http://boards.fool.com/caterpillar-selling-for-under-83-30311429.aspx

Subject:  Caterpillar selling for under $83 Date:  10/10/2012  2:52 PM
Author:  pauleckler Number:  46613 of 46847

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.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us