Quote:
Originally Posted by dissipate
IMHO a good place to find undervalued companies right now is in the luxury sector. A lot of the super wealthy have much of their money tied up in a bear market. This has caused a drop in luxury spending as they try to preserve their wealth. Take a peek a Wynn, Tiffany and Co, and like companies.
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Yeah I have some Tiff.
I'm hot on Caterpillar right now. massive infrastructure spending plans by US, China, Germany and probably more. In addition when economy reinflates mining and energy should get a boost and that is good for CAT too (mining equipment, etc etc).
6% of these infrastructure plans should go toward equipment purchase and rentals. CAT has big market share. It's a lot of dough when you work out the numbers.