Is the Optimism Baked Into Caterpillar's Valuation Really Justified?
The stock market and Caterpillar Inc. (NYSE: CAT) management appear to be taking a different tone with regard to the construction machinery giant’s outlook for 2017. The stock is up nearly 60% since the start of 2016 and now trades at a forward P/E ratio of 30. Clearly, the market is expecting a strong recovery… Read More »