'Cat's Out of the Bag'
There's one more stock that, if you watch this show enough, you know
that I'm going to be behind it as the premier best of breed stock for
the mineral and mining equipment. One that I have been hounding
you to buy since I started this show, and that is cat!
CAT (CATERPILLAR INC)
Cat's trucks aren't just large-class or heavy-class. They're so big, they get called ultra-class!
Now cat was also on my list of great American manufacturers, perhaps one of my more highly rated show.
It's not just that this company Has mining exposure; it also absolutely best of breed in this sector.
You know they do construction equipment. You know they should benefit
big time from the highway bill, which is really again a cash
transference from Washington to CAT.
You know that cat broke its union in the 90's so, unlike a lot of the
other industrial companies in America, they're not faced with that same
drag of pension and healthcare costs that have basically turned our
auto cos into little welfare states, that also make cars that few
people want to drive.
I think cat's going to ship a lot of mining equipment that the BRIC
countries can use to get the natural resources to keep growing, and
they will keep growing.
CAT is the go-to company If you need mining trucks. Everybody knows that.
CAT is a best of breed stock, pure and simple.