thinking ahead

My 2008 Investment Prognosis

CAT is trading at 13X with a 10-15% growth rate as far as the eye can see. It also pays 2.1% dividend yield, and has a steady record of dividend increases. It also is buying back stock and sales are 60% non-North America. CAT is not a housing play or a US consumer play. Maybe it was 10 years ago, but now it is more sensitive to Brazil (on the ground over 30 years there) than to Toll Brothers. (dics: I'm long CAT)