In college, more than a half century ago, my economics 101 professor recommended that students attend an evening presentation by a local stock broker for extra credit. The broker covered three large cap stocks including Caterpillar Tractor which he liked for CAT's prominent role in highway construction, a sector he viewed as growing and highly recession resistant. I'm guessing I was the only student in that big seminar auditorium who had ever bought a single share of stock. I owned shares in 3 or 4 corporations then, but never picked up any CAT.
Tonight I tried to find CAT's price around that period (I don't know the exact date of the seminar). The stock was likely around $40 - $50 or just over $1 split-adjusted according to this website. https://www.digrin.com/stocks/detail/CAT/price
CAT is now $577 a share after splitting in 1976, 1994, 1997 and 2005. It's always paid a nice dividend too. CAT has increased its dividend for the past 32 years.
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