Caterpillar: No longer a big bargain, but still attractive - Joseph Lazzaro

Sign Up | Log In | What is SocialPicks?

Caterpillar: No longer a big bargain, but still attractive
Oct 31, 2009 06:20 PM UTC

Joseph Lazzaro

Return	Risk
+1.61%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
CAT		10/31/09	+5.70%	--

Via BloggingStocks:

Filed under: Caterpillar (CAT), Stocks to Buy

I'm reiterating my Buy rating for Caterpillar Inc. (NYSE: CAT), first recommended on April 13, 2009, at a price of $33.02. If you bought CAT in April, you're up about 68%.

The growth story remains the same regarding Caterpillar: after a global recession that substantially reduced demand, the U.S. and global recoveries will enable construction and agriculture equipment to continue to rebound. Caterpillar's recent increase in its FY2009 EPS guidance to $1.85-2.05 adds to the positive mix. The First Call FY2009/FY2010 EPS estimates for CAT are $2.00 to $2.67.

Continue reading Caterpillar: No longer a big bargain, but still attractive

Caterpillar: No longer a big bargain, but still attractive originally appeared on BloggingStocks on Sat, 31 Oct 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.