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Heh, I actually finally plunged in on CAT once it got down to nearly $30... I don't know where the bottom is with the company, but I simply refuse to believe that the company is dead or dying. I'm in for about half of what may be a long term position... so the likeliest spot for me to by the other half would be at around $26 (if it keep sliding) or maybe around $36 (if it looks like it's coming back after a bit).
The bigger worry is with Cedar Fair, where I am already too long. They released some guidance intimating a new dividend policy may be in the offing, and the stock is hurting (though not crushed). The February dividend is fine, but the next quarter might get halved or worse, and that's trouble. I might take a beating there... but still, even if they cut the dividend in half, a buck a year on a ten dollar stock is still pretty money (double entendre intended).
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