Caterpillar (CAT), A Sleeping Monster

By
A A A

I�m long on the U.S. economy after watching a nice recovery in U.S. labor markets, with the creation of 165,000 new jobs, so in my humble opinion, if I had to choose one American industrial company, I would choose Caterpillar Inc. ( CAT ).

Caterpillar Inc. ( CAT ) is well managed and it has a long way up to run, due its underperfomance in the last several months. Heavy industrial equipment has a bright future, once the global economy starts to sail after the worst global depression I�ve ever seen. Caterpillar Inc. ( CAT ) has a broad catalog of heavy industrial equipment used in construction, infrastructure, farming, oil and gas, mining and utilities. Caterpillar is recognized for its "best of breed" brand and quality.

Technically speaking, CAT has a nice, triple-bottom pattern on weekly charts, and its market share price is going to be re-evaluated upward, so going long on this undervalued company could be a nice business in the next months or years. We all know that once a share becomes a bright spot recognized by Wall Street analysts, valuations can skyrocket to unprecedented levels, so why not dream about doubling today�s CAT�s price in the market?



Read More:


About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: CAT

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

90%

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com