SA author Emerging Money is worried for the mining sector following Caterpillar's (CAT) Q1...


SA author Emerging Money is worried for the mining sector following Caterpillar's (CAT) Q1 earning report, in which the company said it expects sales of its traditional mining machines to fall 50% in 2013. "What might be scary to think about" is that "commodity prices are actually still quite high," Emerging Money says. "This tells me it could get much uglier as well." (Caterpillar earnings call)

From other sites
Comments (1)
  • PalmDesertRat
    , contributor
    Comments (3798) | Send Message
     
    I'm going to go out on a limb and speculate that the world will still be using commodities three years from now.

     

    Assuming that's true,someone will need to get them out of the ground. CAT will be supplying a fair share of the equipment used for that purpose.

     

    I'm a buyer of CAT at these levels and will buy more if it drops further. I'm willing to go to zero with CAT
    22 Apr 2013, 11:57 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs