On Monday, Caterpillar (CAT), one of the world's leading manufacturers of construction and mining equipment, reported fourth quarter earnings for fiscal 2013 and the results were much better than expected. The company beat the average consensus estimate on both the top and bottom lines and issued guidance that confirms that the worst is indeed over for the global machinery titan.
Click here to read why I think Caterpillar is a proper turnaround play on a global recovery. Enjoy!
Phil
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