I have been telling people to buy CAT for 3 years and now here’s why. The Ag boom is finally paying off big
From MarketWatch
Caterpillar expects 2008 EPS growth of 5% to 15
By Sue Chang
Last update: 5:49 p.m. EDT March 11, 2008
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SAN FRANCISCO (MarketWatch) — Caterpillar Inc. (CAT:
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72.61, +3.89, +5.7%) is estimating its earnings per share in 2008 to grow 5% to 15% with sales also forecast to rise at a similar pace, the company said late Tuesday, citing a presentation given by Chief Executive Jim Owens. The Las Vegas-based company expects sales and revenue to approach $60 billion by 2010 with profit per share growth in 15%-20% range starting from 2005 to 2012. Furthermore, to capitalize on various growth opportunities, Caterpillar plans to invest $2.3 billion in capital expenditure in 2008.
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