$58.20
-0.74 (-1.26%)
Caterpillar, Inc. (CAT)
CAPS Rating:
The company is engaged in construction & mining equipment, diesel & natural gas engines and industrial gas turbines in its size range. It operates in 3 principal lines of business: Machinery, Engines and Financial Products.
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I am in the machinery business and the manufacturer's are sitting on more equipment right now than they could sell in the next two years...minimum. I was at the manufacturing facility of Caterpillar's largest competitor two weeks ago and due to canceled orders they have more units on the yard than I have seen in the last two years combined. Wait for this to bottom out before you start to buy.