Investing with Cat or any other supplier of the above ground mining industries is a good idea right now. The above ground mining folks are spending money on new equipment and refurbishing existing equipment at a rate which has not been seen in three decades.
We are booked thru the second quarter of 2011 with orders from every mining company doing business in the US. The folks in power generation are also spending heavily right now as well. New orders for bids arrive daily.
The power generation market is always pretty level and predictable, but when you notice the price of natural gas begin to come down it would be wise to move your money away from the mining industry. The natural gas suppliers are the mining industries biggest rivals. Above ground mining is very fickle. They will close their mines in a heart beat when profits drop and wait for a better market before re-opening them.
Hey Cotten, You giving any thought to that open Senate seat?