+ Watch CIIC
on My Watchlist
Upside is good
Price low enough right now to call an out perform? I think so. Time for a rebound.
Come on! It doubled in one day! I am sure at least some of that is overexuberance.The lemming effect.
'Buy American' Rider Sparks Trade DebateThe stimulus bill passed by the House last night contains a controversial provision that would mostly bar foreign steel and iron from the infrastructure projects laid out by the $819 billion economic package. "There is no company that is going to benefit more from the stimulus package than Caterpillar, but I am telling you that by embracing Buy American you are undermining our ability to export U.S. produced products overseas," said Bill Lane, government affairs director for Caterpillar in Washington. More than half of Caterpillar's sales -- including big-ticket items like construction cranes and land movers -- are sold overseas. http://www.washingtonpost.com/wp-dyn/content/article/2009/01/28/AR2009012804002.html
May hurt my immediate rating, but this is a long term favority for very little money. This work will be around a long time.
Massive market potential.
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