Caterpillar (CAT) On Its $1b North Carolina Expansion And The Undervalued Narrative

Caterpillar (CAT) is committing about US$1 billion to expand its Cat Compact manufacturing footprint in North Carolina, including a new facility in Sanford, after a month in which the stock fell roughly 10%. That new North Carolina commitment comes after a rough patch for Caterpillar’s share price. It is down about 12.9% over the past 30 days and roughly 20.8% over 90 days, even though the year to date share price return is 17.65% and the 1 year total shareholder return is 36.09%. Scan how...