Posted on March 3, 2021
We’re trucking today on the back of Dow component and global earth-moving champions Caterpillar Inc. (NYSE:CAT), a company that may have nine lives and always lands on its feet, but is sure enough destined for a tumble in the near term.
CAT stock is up better than 25% in just a month, but that has very little to do with the numbers.
Instead, investors seem to be looking forward to an anticipated, post-Batflu economic rebound, in which a great many benefits would certainly accrue to the company.
It’s a rebound, however, that we hate to admit we just don’t see.
Consider the following –
Yet things are looking up? Stock up 250% in a year?
Come on, gang.
On hopes for the future…?
This thing’s priced for perfection in a Shangri-la la-la land.
And you can tailor it purr-fectly to your needs, tiger.
Many happy returns,