Where Does Caterpillar Inc (CAT) go in 2015?

What do you do with a highly cyclical stock like Caterpillar Inc (NYSE:CAT)? It's one thing to try to use common valuation techniques to help make an investment decision, but the truth is that its revenue and earnings numbers are largely guided by movements in its end markets. Moreover, with cyclical stocks it's often the case that they look their most expensive precisely when you should be buying them. In other words, just before their earnings are about to turn up with the cycle. With that said, what's an investor to make of Caterpillar in 2015?


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