And I would buy it if I did not own it. On a friend’s Blog (I hope Devyani won’t complain…)
Caterpillar is good because Caterpillars are needed by BRIC (=Brazil, India, Russia, China) to build their skyscrapers, highways, airports… CAT is good because it is needed to dig commodities badly needed by BRIC deeper and deeper in world’s mines. Caterpillar is good because (as Devyani explains) it is a well managed company.
CAT is also good because it pays a 1.8% dividend yield.
Last but not least, CAT has numbers I like: