Time to Be a CAT Lover Again
The stock of the world's largest producer of earthmoving equipment has dropped dramatically in recent days as fears of a global economic slowdown have taken hold. Caterpillar (CAT) topped out at $116.95 less than a year ago and was at $99.70 as recently as Feb. 1. The stock touched $90.57 intraday on Thursday.CAT, Jan. 1, 2011- Present BigCharts, Value Line View Chart » View in New Window »
The three best buying opportunities of the past 26 months all came at price-to-earnings multiples and yields that were very similar to what are now in play. Each of those selloffs was associated with the same negative psychological environment we're experiencing right now....271 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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