Caterpillar | StockChase
173
Caterpillar (CAT-N)

Last Price Recorded: $148.5700 on 2017-12-13

ON STOCKCHASE SINCE Mar 2002

heavy duty equip

machinery
173
Caterpillar (CAT-N)

Last Price Recorded: $148.5700 on 2017-12-13

ON STOCKCHASE SINCE Mar 2002

heavy duty equip

machinery

Caterpillar


Signal Opinion Expert
PAST TOP PICK
Caterpillar(CAT-N) 

November 6, 2017

(A Top Pick Nov 16/16. Down 52%.) *Short* At the time, this was trading at over 30 times earnings, with basically 3 years of down earnings. It was trading at a ridiculously high multiple. They missed on the past 5 quarters, and the stock had run up on the idea that Donald Trump was going to build the wall using thousands of Caterpillar tractors. He underestimated the global recovery, which helped sales. On top of that, they operationally improved their margins to such a degree that earnings recovery has grown through the estimates in the last three quarters. Has shorted again recently because, although a good story, it is trading at 25X what he thinks will be their peak earnings.

machinery

(A Top Pick Nov 16/16. Down 52%.) *Short* At the time, this was trading at over 30 times earnings, with basically 3 years of down earnings. It was trading at a ridiculously high multiple. They missed on the past 5 quarters, and the stock had run up on the idea that Donald Trump was going to build the wall using thousands of Caterpillar tractors. He underestimated the global recovery, which helped sales. On top of that, they operationally improved their margins to such a degree that earnings recovery has grown through the estimates in the last three quarters. Has shorted again recently because, although a good story, it is trading at 25X what he thinks will be their peak earnings.

machinery
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$137.710
Owned Owned
Yes

COMMENT
Caterpillar(CAT-N) 

October 11, 2017

This was basically left for dead and everybody was very negative on it. It hit a low in late January 2016, and has rebounded nicely. It was a long, long decline for the better part of 2 years, and then finally started to turn around, and it is breaking out again. This is its first break-out in 6 years. This is probably a pretty positive thing for everybody in the world, because it means very, very hard-core resources and commodities are getting moved around.

machinery

This was basically left for dead and everybody was very negative on it. It hit a low in late January 2016, and has rebounded nicely. It was a long, long decline for the better part of 2 years, and then finally started to turn around, and it is breaking out again. This is its first break-out in 6 years. This is probably a pretty positive thing for everybody in the world, because it means very, very hard-core resources and commodities are getting moved around.

machinery
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$128.600
Owned Owned
Unknown

TOP PICK
Caterpillar(CAT-N) 

September 21, 2017

It has done well through a difficult period.  80% of the revenue from that sector was just replacement parts.  This equipment wears out and has to be replaced and maintained.  It has the fastest earnings revisions of any S&P company.  (Analysts’ target: $125.00).

machinery

It has done well through a difficult period.  80% of the revenue from that sector was just replacement parts.  This equipment wears out and has to be replaced and maintained.  It has the fastest earnings revisions of any S&P company.  (Analysts’ target: $125.00).

machinery
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$124.790
Owned Owned
Yes

PAST TOP PICK
Caterpillar(CAT-N) 

August 3, 2017

(A Top Pick June 13/16. Down 57%.) *Short* He closed out the Short on November 15. Overall, they have done really well, and certainly defied many people who thought a Short was a good idea.

machinery

(A Top Pick June 13/16. Down 57%.) *Short* He closed out the Short on November 15. Overall, they have done really well, and certainly defied many people who thought a Short was a good idea.

machinery
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$113.560
Owned Owned
No

DON'T BUY
Caterpillar(CAT-N) 

May 3, 2017

Relative to what they’ve been through, this has really done well. 75% of revenues are global and they are in over 180 countries. Have had a few very tough years from an environment perspective, and have held up very well. Although things are turning around, he would not be a buyer. A lot of their business is in emerging market countries where brand isn’t as important as price, and their main competitor is much cheaper. The stock is way too expensive at around 30X PE.

machinery

Relative to what they’ve been through, this has really done well. 75% of revenues are global and they are in over 180 countries. Have had a few very tough years from an environment perspective, and have held up very well. Although things are turning around, he would not be a buyer. A lot of their business is in emerging market countries where brand isn’t as important as price, and their main competitor is much cheaper. The stock is way too expensive at around 30X PE.

machinery
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$101.540
Owned Owned
Unknown

HOLD
Caterpillar(CAT-N) 

February 17, 2017

Things are slowly improving post- the election.  It is one of the highest quality players in this area. 

machinery

Things are slowly improving post- the election.  It is one of the highest quality players in this area. 

machinery
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$98.850
Owned Owned
No

COMMENT
Caterpillar(CAT-N) 

February 15, 2017

The perceived outlook from investors is that this company is well positioned to benefit from infrastructure spending and the global mining boom. Based on the valuation, it is trading above its historical multiple. A lot of the good news is already built into the share price. This is not an overly cheap stock.

machinery

The perceived outlook from investors is that this company is well positioned to benefit from infrastructure spending and the global mining boom. Based on the valuation, it is trading above its historical multiple. A lot of the good news is already built into the share price. This is not an overly cheap stock.

machinery
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$99.020
Owned Owned
Unknown

TOP PICK
Caterpillar(CAT-N) 

February 13, 2017

*Short* They’ve missed expectations 14 quarters in a row, 5 down-years of earnings. Management just said expectations were too high for next year. On their website, they are selling used equipment at a discount, rather than new equipment. Doesn’t see where growth is coming from. Dividend yield of 3.13%. (Analysts’ price target is $98.45.)

machinery

*Short* They’ve missed expectations 14 quarters in a row, 5 down-years of earnings. Management just said expectations were too high for next year. On their website, they are selling used equipment at a discount, rather than new equipment. Doesn’t see where growth is coming from. Dividend yield of 3.13%. (Analysts’ price target is $98.45.)

machinery
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$98.500
Owned Owned
Yes

DON'T BUY
Caterpillar(CAT-N) 

January 26, 2017

Had a great deal of difficulty for a number of years.  They made an untimely move into mining way back.  It was untimely.  They went way down because commodity prices and economic growth in China both declined.  They just reported okay results recently.  It is not a near term story.  Future good news it built into the stock price so he would avoid it.

machinery

Had a great deal of difficulty for a number of years.  They made an untimely move into mining way back.  It was untimely.  They went way down because commodity prices and economic growth in China both declined.  They just reported okay results recently.  It is not a near term story.  Future good news it built into the stock price so he would avoid it.

machinery
Gordon Reid

President, GoodReid Investment ...

PricePrice
$97.220
Owned Owned
No

TOP PICK
Caterpillar(CAT-N) 

November 16, 2016

*Short* This has a little over $3 in earnings, and is trading at over 30X forward earnings. They’ve missed earnings in the past couple of quarters. The machinery capital spending business is slowing down because the mining industry has slowed down. They are starting to sell their own used equipment on their website, because there is not as much demand for the new stuff. The price is dropping at a 5% annual rate on what they are selling,. Dividend yield of 3.3%. (Analysts’ price target is $82.17.)

machinery

*Short* This has a little over $3 in earnings, and is trading at over 30X forward earnings. They’ve missed earnings in the past couple of quarters. The machinery capital spending business is slowing down because the mining industry has slowed down. They are starting to sell their own used equipment on their website, because there is not as much demand for the new stuff. The price is dropping at a 5% annual rate on what they are selling,. Dividend yield of 3.3%. (Analysts’ price target is $82.17.)

machinery
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$93.350
Owned Owned
Yes

COMMENT
Caterpillar(CAT-N) 

August 10, 2016

Any time a company is faced with such a tough environment, they always look at costs. Feels that with the rotation from mining into infrastructure, a lot of stocks have really done well. However, we still haven’t seen the bottom of the downturn.

machinery

Any time a company is faced with such a tough environment, they always look at costs. Feels that with the rotation from mining into infrastructure, a lot of stocks have really done well. However, we still haven’t seen the bottom of the downturn.

machinery
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment ...

PricePrice
$82.650
Owned Owned
Unknown

DON'T BUY
Caterpillar(CAT-N) 

June 23, 2016

Canada has had a huge bounce, and none of these prices make any sense when you look at fundamentals, including mining. His model price is $47.51, a negative 38%. Dividend yield of 4%.

machinery

Canada has had a huge bounce, and none of these prices make any sense when you look at fundamentals, including mining. His model price is $47.51, a negative 38%. Dividend yield of 4%.

machinery
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$78.220
Owned Owned
Unknown

COMMENT
Caterpillar(CAT-N) 

June 14, 2016

When you look at a collapse in an asset class, such as energy in the last 18 months, he has never seen where it bottoms and turns around, and becomes a new leader right away. We have had a great rally in energy and there is some risk that as we get back the cost of production, new production will come on. This company had a tremendous rally since February, but is looking a lot like the energy and metals sectors, and there is some risk that it runs into resistance here and could roll over.

machinery

When you look at a collapse in an asset class, such as energy in the last 18 months, he has never seen where it bottoms and turns around, and becomes a new leader right away. We have had a great rally in energy and there is some risk that as we get back the cost of production, new production will come on. This company had a tremendous rally since February, but is looking a lot like the energy and metals sectors, and there is some risk that it runs into resistance here and could roll over.

machinery
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$74.860
Owned Owned
Unknown

TOP PICK
Caterpillar(CAT-N) 

June 13, 2016

*Short* This has had a really nice run off the bottom and is up about 35%. They capitalized big time on a once-in-a-lifetime mining boom, and he doubts if we are going to see that again. There are just too many headwinds. The street is talking up the name, but he could see this halved in price in the next year or so. Dividend yield of 4.09%.

machinery

*Short* This has had a really nice run off the bottom and is up about 35%. They capitalized big time on a once-in-a-lifetime mining boom, and he doubts if we are going to see that again. There are just too many headwinds. The street is talking up the name, but he could see this halved in price in the next year or so. Dividend yield of 4.09%.

machinery
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$75.230
Owned Owned
Yes

COMMENT
Caterpillar(CAT-N) 

May 24, 2016

Their segments include mining, energy exposure and construction around energy. If you look at all their segments, there is just no good part of the business that is working right now. Have done a fantastic job of managing costs, but it is a very tough environment. The big question is, where are we in the cycle and are we close to a bottom. Expectations are still being reset lower with some caution on the stock. Reported in April and earnings came in slightly below. Revenue was better, but they did cut their profit outlook.

machinery

Their segments include mining, energy exposure and construction around energy. If you look at all their segments, there is just no good part of the business that is working right now. Have done a fantastic job of managing costs, but it is a very tough environment. The big question is, where are we in the cycle and are we close to a bottom. Expectations are still being reset lower with some caution on the stock. Reported in April and earnings came in slightly below. Revenue was better, but they did cut their profit outlook.

machinery
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment ...

PricePrice
$71.090
Owned Owned
Unknown

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