SubscribeThe Disciplined Investor Podcast - Episode 1
March 2, 2007
The 1st Episode of the Disciplined Investor Podcast.
- We will discuss:
- The market meltdown of the week
(200 plus points in 20 seconds is not normal, why and what to do)
- Caterpillar stock is a buy
-Tax planning to keep you organized
- Real life attempt at identity theft and fraud from an Ebay transaction.
Andrew Horowitz will discuss these hot financial items as well as much more. 30 minutes.
Caterpillar is a BUY
March 1, 2007
Caterpillar was the first position that I bought this morning for clients. It was a bit like looking at a good stock that was caught up in a very bad market. The fact is the CAT has been doing very nicely, albeit quietly.
While the housing and building sector has been under fire, CAT has weathered the storm well as it has a well diversified base of customers. The management has continued to watch for the earning signs of an economic cool down and that is shown in the stock price performance over the past several months. No, it has not been an exciting chart to watch, more like watching paint dry, but
In Feb 2007, CAT announced that they will repurchase up to $7.5 billion of their stock. You got to love when a company thinks that their stock is the best opportunity for their excess capital. Whether they actually end up buying the entire amount or not is a different story altogether though.
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