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Feb 8, 2010  
Credit Card Firms Struggle
Credit card lending has long been one of the most profitable, though certainly cyclical, businesses in banking. Loans are unsecured so loss rates are much higher than for other types of loans and tend to track unemployment. But interest rates are also much higher than for other types of loans and banks have successfully added various penalty fees for late payments and exceeded credit ...
  


Caterpillar Inc (CAT)   BUY

Disclaimer:
The StockPicker's Corner is not a solicitation or offer to buy or sell stocks and should not be construed as individualized investment advice. Investment decisions should be made as part of an overall portfolio strategy after consultation with an investment professional.

Our recommendations -- BUY, HOLD, SELL -- and target prices reflect the judgment of an analyst about a company's prospects as an investment in terms of value, growth and risks. We will generally rate a stock a BUY if, in our view, the forecast risk-adjusted return on the stock is greater than the forecast return on the market. Target prices reflect the previous day's closing price of a stock and do not take into account more recent movements in stock prices.

Argus Research Company, founded in 1934, is a leading independent equity research firm. For more information about our views on today's pick, please contact Argus Research at (212) 425-7500, or by email: Click Here.
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Notes
Feb 8, 2010  Market update :  CVS, CL, EMR, IP, NJR, SPG, TWC, TYC
Feb 8, 2010  Market watch :  CAT
Feb 8, 2010  Market digest :  BAX, BBND, DOW, JCP, TROW, PEG, SAP, WEC
Feb 4, 2010  Action alerts :  MDRX, ASH, COST, ERIC, STT, ZMH

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Jan 25, 2010  Investment analysis (industry)
Jan 2010  Viewpoint
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Jan 1, 2010  Power and utility monthly
Jan 1, 2010  Investment analysis (special situations)

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