Caterpillar
The Value Trap of Deeply Cyclical Stocks
It is easy to love deeply cyclical companies, which have benefited from the run-up in commodity prices over the past decade.
Caterpillar’s Earnings
It is interesting to observe the excitement the Street has with Caterpillar's (CAT) earnings. They were better than company thought last quarter.
I’ll Buy “Stuff” Stocks When…
Let me tell you when I'll buy "stuff" stocks. It's when everyone stops telling me how cheap they are and that they are "buys."
Stuff Stocks Still Too Expensive
I am probably right about what I am about to say: The global slowdown is just starting and will last longer than most expect.
