Today, editor/analyst Brendan Byrnes discusses three reasons to consider buying manufacturing giant Caterpillar. The company has serious competitive advantages through its extensive network, solid brand name, and quality products. It also is implementing a growth strategy that includes big-time acquisitions, including buying the large mining equipment company Bucyrus. Plus, with only 3% of its revenue so far coming from China, the company could see large growth there as well. Caterpillar is very cheap right now, having fallen from the second-best-performing Dow stock all the way down to the second-worst. Brendan sees it as a great opportunity to purchase shares on the dip.
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