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 see CAT as a very fool-ish investment. Market leader, great reputation and brand, tremendous growth opportunities overseas, and somewhat beaten down by economic uncertainty, drought, etc. PE under 10, 2+% dividend yield, hard for me to see why CAT doesn't have double digit annual growth potential over the next 5 years.