I don't think I have ever made any money on CAT. When you think you have bought it right, it always goes lower. Only positive for now is at the current price, most target CAT at $105+. Also P/E is on the low side.
We still must factor in earnings which do continue to build alot of cash.
Cash is cash, and I don't see it going away for some time to come.
Sentiment: Strong Buy
How can you not have made a ton of money with Cat? They've got a 10 year compound annual growth rate of 15.34% according to Morningstar. That's 417% increase in ten years. You'd almost have to be brain dead not to make money on this stock. Buy it during periods of economic uncertainty, like now, or the bottom of a recession, like Feb 2009, and sell it when the market gets all frothy and the Fed is pushing interest rates up to curb inflation. All it takes is a little patience and the ability to read the Business Section of the newspaper every 3 or 4 months. It's not brain surgery. If you're looking for a short term play you'll get that opportunity once the market is convinced that worldwide growth is getting some traction. It'll move pretty quick when the sentiment changes. I don't play that game, takes too much work and there are too many short term variables to take into account. Buy low, , sell high, . It's almost a guaranteed double every time. It's just Buffett's rule, "Buy when everybody is selling and sell when everybody is buying".
Maybe your timing is off. CAT dropped to $80 on November 15, then ran to $99 by February 1. Wait to buy below $85 (or any stalwart like this near 52-week lows) and a positive return pretty much is guaranteed.