I posted this same question 4 months ago but got taken down cause I didn’t provide any dd. Although it went up a lot since $220, I still think it’s a buy for the coming years. Here’s are my reasons
As of second quarters compared to same quarter last year
Sales and Revenue up 22%
Operating Profit up 88%(adjusted operating profit up 87%)
Profit per share $5.67 up 81%( adjusted at $5.55)
Positive operating cash flow, and positive net income. Cash balance of 7.4b
Forecast to grow full year operating margin by 21%, and Q3 profit margin to be higher than last year Q3
Not only that, but for the past year and a half, two years I’ve been seeing their equipment everywhere. My obvious guess is due to the huge boom in construction we’ve had in the country. Plus the build back better act signed months ago is an added benefit to them since if your going to start building more homes, repairing roads and all types of construction, caterpillar is one of the best names when it comes to machinery for those jobs.
Overall, I see a company that although had a run could still be poised for growth especially in this home building boom, while also being a stable and reliable company
What are you guys thoughts on them
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