Profit isn't the main game in a company like this - at this stage of it's life. It's market share, best of class product technology, and ability to sell the potential.
But CAT is certainly getting to a point where profitability will be used a measure of success - and rightly so.
Look, this thing climbed to an irrational and overvalued $4 and has been rightly beaten down. I think beaten down too much now. For a growing tech company with $70m+ in revenue, and only a market value of $200m, its looks very enticing. Any drops under $1 for mine are based on fear. It's a fairly solid buy at these prices.
2 years time will be the judge of that, though.
Switzer Article, page-5
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Last
$2.63 |
Change
0.080(3.14%) |
Mkt cap ! $713.8M | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.69 | $2.58 | $1.297M | 492.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2540 | $2.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 2540 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CAT (ASX) Chart |