It is interesting to observe the excitement the Street has with Caterpillar’s (CAT) earnings. They were better than company thought last quarter, but sales were still down 41%. I have to give CAT credit for cutting costs as much as they did. But here is what caught my attention in the quarter: the area that [...]

You should buy Freeport McMoRan (FCX), Caterpillar (CAT), PACCAR (PCAR).” – that is what I hear from friends of mine, who are in the biz, all the time.  They tell me how cheap these stocks are – 3, 6, 8 times earnings.  “You are a value guy! How come you are not loading up on [...]

Whenever I write or speak in front of a group of people and feel the need to apologize for my message, I am usually right. This usually happens for two reasons.
First, I am likely saying what people don’t want to hear; and second, because the message goes contrary to common opinion. So I am probably [...]