Wednesday, April 29, 2009

Some recovery/infrastructure plays

Caterpillar sold all of 5 Cat excavators in China in January. Now Caterpillar says business in China is screaming.

Doesn't that mean they are now selling 600 a month?

And if CAT is doing that business, how about these as a cheap derivative play on the construction recovery?

United Rentals (URI 6.37)
Manitowoc (MTW 5.50)
Terex (TEX 13.47)

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