Become a CAT Lover
Fear of a global economic slowdown have driven shares of heavy-equipment manufacturer Caterpillar (CAT) down to $86.09 -- almost $31 or (26.4%) below its 2012 high of $116.95. Caterpillar is cyclical, and another recession would certainly put a dent in profitability.
We can't know what the worldwide situation will be. Thus, it's better to judge stocks like this over one or two full business cycles. The past decade certainly contained some very good periods, and some horrendous ones as well. Here are Caterpillar's per-share numbers from 2002 to 2012. Nonrecurring items are excluded, and this year's data include second-half estimates....238 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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