Is Buying Caterpillar Really That Crazy?
From Insider Monkey - Free Hedge Fund and Insider Trading Data
January 7, 2013 - 10:19am
An uncertain global macro environment has resulted in the markets valuing Caterpillar Inc. (NYSE:CAT) at only 10 times its trailing earnings, even though the company had a very good quarter in its most recent report (for the third quarter of 2012). Specifically, revenue was up 5% from the third quarter of 2011. Pretax income increased [...]
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