Caterpillar (NYSE:CAT) surprised Wall Street recently by reporting better-than-expected quarterly results. Sure, sales were down by 10%, but that was a big improvement over the 18% drop from a quarter before.
In the video below, Fool contributor Demitrios Kalogeropoulos gives his take on the equipment maker's latest business results, noting that both revenue and profit trends are looking up. And thanks to a pessimistic valuation and the company's big plans for share repurchases, he thinks the stock has room to rise -- even on just a small improvement in Caterpillar's results.
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Demitrios Kalogeropoulos has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.