Cummins, Inc. (CMI)

As construction has slowed, future demand for this product will
be hard re-starting.

It's a good company but it doesn't have an "edge"of any sort. It will move roughly with the economy. So it will underperform compared to "good"companies that have useful novel products.

Cyclical action in an uncertain market in an adverse environment.

Diesel engines propel our trains, trucks, ships, construction equipment and electrical generation. Demand will remain strong. Caterpillar is exiting the loose diesel business, Detroit Diesel was consumed by Daimler. Cummins is the purest diesel stock pick. Currently trading in the middle of its 52-week range, P/E of 14, $/sales of .63, $/book of 2.43, low debt to equity ratio and a 1.7% yield. Stock has been affected by economic downturn but remains a solid long-term pick.

Expect profit taking following recent run-up in market.

low debt, decent dividend, selling at 2x book should rebound nicely as the economy gets back on track

Undervalued

diesel's will finally become mainstream in the us. great management and cat isn't making engines anymore. cummins already makes the best diesel motor out there now they have more marketshare to gobble up. their power generation segment is going to do well in developing countries in the future as well. Iraq and afghanistan don't have an energy infrastructure and so most the power generation is going to come from portable units like the ones cummins makes.

Great company needs upturn in construction. Makes next generation clean diesel engines will not need to re-tool to meet coming regulations.

Cash is king.

There's got to be a bull somewhere---infrastructure equipment--highways bridges near market low and no debt load unlike CAT

with much of the "developing" wold still needing electricity, CMI will profit from making the generators for the remote areas that aren't or can't be wired into a formal grid...the engines on these generators are more durable and should ensure many repeat customers

15 YRS ago, this kind of down turn in the economy would criple this company, but management has diversified and reduced their debt load. The next 6 to 12 months may be difficult, but after that the bulls will run.

dielsel engines that dam good

james montier pick

cmi

One of the first manufacturers of diesel engines, Cummins is here to stay. There will always be the need for diesel power in many applications and this company has been consistently in the forefront of technological advances in diesel power.

this is an outstanding well run company that has been thrown out with the bath water.

High quality producer of engines for commercial use.