Cramer on a Cat’s Meow

Posted: March 16, 2007 at 5:09 pm

On tonight’s MAD MONEY on CNBC, Jim Cramer said that Carerpillar (CAT) is being kept down too low.  Cramer think sthe Chinese are back into buying commodities and the companu is leveraged to commodities more than to Housing.  The subprime meltdown is not a worry for it.  Cramer thinks the commodities going back up is much more important to it.  The Yen strengthening os also actually good for the company in that the Japanese can buy our products for cheaper.  He thinks CAT has the best dealer network out there, but the stock is still sleeping.  If it doesn’t run. you have a $7.5 Billion buyback plan and a director just bought some.

Jon C. Ogg
March 16, 2007

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