Re: what you wanted to know about cyclic stocks but were afraid to ask
Another good example. DE peaked at circa 100 at peak EPS of 8. At the Time of ur post de had dropped to 85. Still high as u noted. You wanted to wait till EPS reaches trough of say 3.5 the EPS now is 6. Stock at 76. Down 10 pct.from ur post. And 23 pct from peak.
The trough price in 2009 25. Exactly same as CAT. CAT is at 66. I wouod wait for DE to reach 66. Maybe still lower.