Caterpillar, No Dog (CAT)

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Caterpillar Inc. (NYSE: CAT) has come out and maintained its 2008 EPS growth estimate of 5% to 15% and sales growth estimates of 5% to 10%.  After going back over the notes, this in-line with First Call targets of 10% EPS growth and 6% revenue growth.

As far as cap-ex goes, the  construction equipment giant will spend $2.3 Billion in 2008.  On a longer-term basis, it expects revenues to approach $60 billion by 2010.

This DJIA-component stock closed up over 5% at $72.61 today, and shares are up about $1.50 in after-hours trading.  The 52-week trading range is $59.60 to $87.00.

Caterpillar is learning to love strong emerging growth markets combined with a weak dollar.

Jon C. Ogg
March 11, 2008