Caterpillar is the world’s largest producer of earth moving equipment serving the road building, mining, logging, agriculture, petroleum and general construction industries.
The company has earned an 11-30% return on equity over the past ten years growing earnings and dividends at a 9-10% annual rate. While the recession had significant impact on the company’s profitability, CAT performance has rebounded markedly. Longer term the company should continue to prosper as a result of:
