Caterpillar
Makes giant machines for building, digging and working in mines.
📖 Its story
Benjamin Holt and Daniel Best had companies that made tractors in California, and they were competitors. In 1925 they decided to join together and form Caterpillar. Their tractors with tracks could move over muddy ground without getting stuck.
💵 How it makes money
It sells and rents heavy machinery, engines and spare parts to builders and mines.
🤯 Fun fact
It's called 'Caterpillar' because its tractors with tracks seemed to crawl along like a caterpillar.
👍 The good part
Its machines help build roads, buildings and dams all over the world.
⚠️ The risk
When less gets built or mineral prices drop, it sells fewer machines.
🧠 Did you get it?
What animal is the name 'Caterpillar' about?
🗂️ Quick facts
- Founded in: 1925
- Founded by: Benjamin Holt and Daniel Best (joined their companies)
- Home: Irving, Texas, USA
🔎 How to find it on the stock market
- Search the internet for CAT stock.
- You can also find it in your parents' investing app with the letters CAT.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Caterpillar. Ask your mom or dad to join the list.
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