On Thursday, July 7th, Caterpillar, Inc. continued a 3 week surge and eclipsed our price target of $108.74. After discussion amongst the board, we have decided it is in our best interest to stay disciplined to group guidelines and sell the remainder of our position in CAT. Since its inception to the portfolio in 2008, CAT has returned over 325% and paid a consistent dividend. We see this as an excellent opportunity to reap our tremendous gains from Caterpillar and pursue other opportunities that present more upside at this time.
-Jeremy Pellizzari
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