This is what an opportunity to buy Caterpillar (CAT)
at a decent multiple is going to look like. The stock is selling off on
what were actually solid Q1 results due in large part to fears tied to
emerging market growth (especially China). While there are indeed
relevant long-term risks that apply to Caterpillar, the global outlook
for mining and construction equipment is pretty promising unless you
subscribe to the idea that another global recession is on the way (in
which case few stocks are going to outperform).
Read it all here:
Caterpillar's EM Pain Can Be Your Gain
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