The company is engaged in construction & mining equipment, diesel & natural gas engines and industrial gas turbines in its size range. It operates in 3 principal lines of business: Machinery, Engines and Financial Products.
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Recs
The domestic market is under duress and so isn't CAT's valuation.
I honestly believed that the global strength of CATs sales would outweigh the U.S. decline in home building...apparently, not.
This DJIA lagger is threatening to hinder my portfolio's growth, and I'm starting to look for an out. I'm closing my position on the next significant Dow upswing.
Their truck engines division is in deep doo doo. The U.S. housing market isn't bouncing anytime soon. Thank goodness it has a global presence...welcome to the world of dead money. I want out.