What do you do with a highly cyclical stock like Caterpillar Inc (NYSE:CAT)?
It's one thing to try to use common valuation techniques to help make
an investment decision, but the truth is that its revenue and earnings
numbers are largely guided by movements in its end markets. Moreover,
with cyclical stocks it's often the case that they look their most
expensive precisely when you should be buying them. In other words, just
before their earnings are about to turn up with the cycle. With that
said, what's an investor to make of Caterpillar in 2015?
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
No comments:
Post a Comment