http://catstockblog.com/2008/12/todays-close-3/ Caterpillar Inc. (NYSE:CAT) stock news and links Sat, 19 May 2012 11:27:21 +0000 http://wordpress.org/?v=2.6.5 http://catstockblog.com/2008/12/todays-close-3/#comment-6 Tom Mangan Thu, 18 Dec 2008 02:15:16 +0000 http://catstockblog.com/?p=192#comment-6 Bennie: thanks for that input ... Cat's mining and construction businesses are pretty obvious but I wasn't sure of how big the oil story is for Cat. Bennie: thanks for that input … Cat’s mining and construction businesses are pretty obvious but I wasn’t sure of how big the oil story is for Cat.

]]> http://catstockblog.com/2008/12/todays-close-3/#comment-4 Bennie Stephens Thu, 18 Dec 2008 01:55:52 +0000 http://catstockblog.com/?p=192#comment-4 It really bothers me that people do not understand how important oil has been to Caterpillar. The oil business is probably the most consistent profit over the years for Cat. Their oil business has had double digit growth every month except for three months in the last 6 years, and the profit margin is the best of all their products. A good oil price not extreme but at least 80 dol a barrel will allow drillers to start buying those 3500 and their attachments again. This business carried Cat thru the 70's when nothing else was selling. It really bothers me that people do not understand how important oil has been to Caterpillar. The oil business is probably the most consistent profit over the years for Cat. Their oil business has had double digit growth every month except for three months in the last 6 years, and the profit margin is the best of all their products. A good oil price not extreme but at least 80 dol a barrel will allow drillers to start buying those 3500 and their attachments again.
This business carried Cat thru the 70’s when nothing else was selling.

]]>