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While Caterpillar's (CAT) 20% stock jump in January helped lift the Dow to a strong 2012 start,...

  • Monday, June 4, 2012, 5:27 PM ET
    While Caterpillar's (CAT) 20% stock jump in January helped lift the Dow to a strong 2012 start, its big slide is now dragging down the index. Indications of slowing dealer sales put a big dent in CAT shares in March, and they’ve continued to slide; CAT shed another 2.6% today and is off 29% from its Feb. 24 high, contributing ~28% of the Dow's 900-point drop since then.
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This news story has 3 comments:

  •  
    Almost time to buy my CAT back that I sold in Feb.
    4 Jun 2012, 10:06 PM Reply Like
  •  
    as a small investor who has owned CAT off and on over the past 3 years. I find the current drop in share price to be another example of other investors, (typically the BIG boys) killing a quality stock over minor technicals, when in reality CAT is still extremely profitable and one of the premier companies producing heavy equipment. YES there are some world wide construction downturns, but CAT's sale of equipment goes on at a very sustainable rate. I currently own shares of this stock and am looking at further purchases if the price decreases further. In my opinion it is a bargain with high potential for making a nice profit
    4 Jun 2012, 10:54 PM Reply Like
  •  
    I spent 42 years in the Institutional Textile Industry, which included primarily; healthcare, hotel/resort and linen rental companies. In its day It was a challenging, competitive and exciting business, but as every one knows the dissipation of these products to off-shore has made a totally different atmosphere.
    I am now retired in the Myrtle Beach area of South Carolina and totally enjoy the coastal atmosphere, and for mental exercise get heavily involved in the market.
    As to Cat, it was a great run, but the international atmosphere has a taken a toll. Pulling for a rejuvenation.
    Thanks
    4 Jun 2012, 10:56 PM Reply Like
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