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Jim Cramer says he's backing away from Caterpillar (CAT) after CEO Doug Oberhelman's...

Jim Cramer says he's backing away from Caterpillar (CAT) after CEO Doug Oberhelman's downbeat interview. "Even if you think he's trying to keep the expectations low... you don't give an interview like that then blow away the numbers," Cramer says, so he's not revisiting CAT until shares fall into the mid-80s.
Comments (17)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
    Cat is either a quality investable stock or it is not. Cramer's "vibes" do not change that one way or another.
    20 Aug 2012, 06:29 PM Reply Like
  • nisafeer
    , contributor
    Comment (1) | Send Message
    The big issue is the macro data. Will construction continue in the various markets. If not, then the stock will fall. In the long run it should be a reasonable investment, especially with the dividend of over 2%.
    21 Aug 2012, 12:54 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (962) | Send Message
    When Cramer says "sell", that automatically means "buy". Kind of on the same level of certainty as the sun always rising in the east and fall following summer. Just a given.
    20 Aug 2012, 06:52 PM Reply Like
  • chopchop0
    , contributor
    Comments (3799) | Send Message
    yup. CMI was a screaming buy at 84, yet the day after it plummets, not a peep from Cramer. He was "cautious" about the industrials but all of a sudden likes them again when CMI gets to 100.
    20 Aug 2012, 07:13 PM Reply Like
  • Lakeaffect
    , contributor
    Comments (1138) | Send Message
    Anybody who does what Cramer says is an idiot.
    20 Aug 2012, 07:01 PM Reply Like
  • Pathfinder's
    , contributor
    Comments (160) | Send Message
    Cramer is a life long Wall Street Hustler, going back to the .COM
    Bubble. And, he is a believer in the Democrat Party's view of Government Investing and QE-1 & 2 & 3.
    Plus, he works for CNBC and MSNBC, enough said.


    Have not watched Cramer for years, Don't think he really knows Caterpillar Tractor as a Global Company and "Best In Class"


    Buy on dips and HOLD< HOLD< HOLD
    20 Aug 2012, 07:27 PM Reply Like
  • jesse1999
    , contributor
    Comments (28) | Send Message
    Cat needs a new CEO, he has been dumping stock for 3 years. He just looks out for himself, not the company.Worst CEO, Cat has ever had
    20 Aug 2012, 07:38 PM Reply Like
  • PoodleHeadMikey
    , contributor
    Comments (25) | Send Message
    Goldman Sachs knows Talent. GS is composed of the best of the best talent available. Goldman Sachs dumped Jim Cramer. And now he's openly hyping stocks on TV like a cheap snake-oil preacher with a bad hairpiece. Hmmmm . . . watdayano? It seems as if GS called it right on target - again.
    20 Aug 2012, 07:55 PM Reply Like
  • Ted Bear
    , contributor
    Comments (624) | Send Message
    Oh my....i am not sure i have any interest in being around the kind of 'talent' that Goldman hires. Probably very brainy, and no doubt they are taught how to make money the "Goldman" way. But i prefer to have friends and colleagues with ethics and morals, who still make money but don't do it by fleecing the muppets. There's class, and there's classless--it seems to me that Goldman likes to hire the latter.
    20 Aug 2012, 08:58 PM Reply Like
  • PoodleHeadMikey
    , contributor
    Comments (25) | Send Message
    I did not say GS = High Moral Values Ted. <g> But . . . their business is to increase the capital of the company and so; of the shareholders. After watching them work for all these years - I am convinced that if there is a way to make a profit; GS will find and use it. Can I get at least partial redeeming credit by telling you that I would never invest a penny in Monsanto? <g>
    21 Aug 2012, 09:42 AM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
    Fade Cramer.
    20 Aug 2012, 08:40 PM Reply Like
  • Brendan O'Boyle
    , contributor
    Comments (1192) | Send Message
    Cramer is a moron, the stock was just in the low 80s two weeks ago. If it was a buy in the low 80s why not buy it then?


    I'm sure he'll be gaga to buy it at 120.
    20 Aug 2012, 09:40 PM Reply Like
  • zantor2
    , contributor
    Comments (12) | Send Message
    I have STARTED to listen to Jim and do find his updates to be useful.


    BUT on CAT, I'm going to say = HE is off base, CAT was JUST AT the mid-80's like a week ago. So his NOW being DOWN on it at 90 and sounding like it has lost it's shine, I say: Jim YOU are going to miss the near term profit potential on CAT if you stand aside.


    WE (I currently hold CAT shares) see who makes money
    ME -= holding long
    or Jim = standing OUT of the CAT market.
    20 Aug 2012, 10:07 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
    CAT, JOY, etc. only recently caught bids in this highly speculative market (i.e. earnings and outlooks being ignored), which like junk stocks, only go up towards the end of a rally, typically a strong rally (as in you go to the store, almost everything is gone, you buy what's left).


    CAT, et. al., may be a fine company, but their outlook, like many of the other global growth plays is not good, not good at all for several years, perhaps much longer. There are better long term holds that those stocks.
    21 Aug 2012, 12:25 AM Reply Like
  • firstinsnow
    , contributor
    Comments (553) | Send Message
    While CAT is a favourite stock of mine, I have resisted
    falling in love with it, no matter what.
    As long as the world markets remain in a depressed
    condition, companies like CAT who provide machinery
    to the WHOLE world, will experience a slowing of production.
    That doesn't mean they are going belly-up, just slowing.
    As far as stock investment goes, in the long term, CAT
    will hit homer after homer on its way up.
    BUT, showing a little caution, especially when the CEO
    of the company pronounces that conditions are not optimal,
    well that's just good common sense.
    Full disclosure, I am looooong CAT, but am not buying
    at present.
    21 Aug 2012, 08:18 AM Reply Like
  • contraryone
    , contributor
    Comment (1) | Send Message
    Cramer is but one more depositor in the toilet of wall street advisors. Sad that one has to work so hard to find honest and factual information about a company so one can make an informed decision about investing. If I followed any Wall Street advice in my business, I would have jumped from a bridge years ago.
    21 Aug 2012, 09:24 AM Reply Like
  • jesse1999
    , contributor
    Comments (28) | Send Message
    A lot of Cat officers are dumping stock. Who is going to buy when the insiders are selling?
    26 Aug 2012, 12:24 PM Reply Like
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