BOSTON ( TheStreet) -- Caterpillar (CAT - Get Report) has generated massive sales of construction equipment across the world, acquisitions are boosting earnings and profit margins are at their peak. The company's stock has surged 64% in the past year.And yet Oliver Pursche, manager of the GMG Defensive Beta Fund (MPDAX), which counts Caterpillar as one of its largest holdings, isn't increasing his position in the industrial giant, which will release first-quarter earnings results Friday. At least, not yet.
Caterpillar Investors Waiting for 'Buy' Signal
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