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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (47427)	7/10/2012 3:44:12 PM
From: Paul Senior	1 Recommendation Read Replies (1) of 78680

CMI. Not such a great day for Cummins reuters.com "Shares of Cummins slid 10 percent in afternoon trading after the company said it expects second-quarter sales of about $4.45 billion, and warned that it sees full-year sales "in line" with 2011 rather than growing by 10 percent as it had earlier forecast. Analysts, on average, had expected second-quarter sales of $5.1 billion and 2012 sales of just under $20 billion. "Order trends in the U.S. for trucks and power generation equipment have softened and demand in Brazil, China and India is not improving as we had previously expected," Chief Executive Tom Linebarger said in a statement." ---------- Uh oh. That could be a harbinger for other industrial/construction equipment manufacturers. I have a few shares of CMI. Upping my position now as stock falls every few points. Company has good ten-year history, not a lot of ltd, is increasing its dividend. Low relative p/e (assuming business doesn't get worse than what management is now predicting). finance.yahoo.com

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