These earnings look great. I also like the future prospects. I price CMI fair value at $124/share today and I think we are looking at a $200 stock in the next 2-3 years. I have bought twice. Once in the low 80's and once in the low 90's and will hold until $200/share. I actually want the stock to drop, so I can load up. I do not think this company is going to vanish. CMI has great fundamentals UNLIKE CAT (more like a dog) which looks pitiful to me.
You may be right, I just don't understand why anyone would want to own cat here. There past financial results are unpredictable and they have way to much long term debt in relation to cashflow minus capital expenditures. I wouldn't touch cat. CMI has what I am looking for and looks cheap.
plain and simple "do nothing no buying or selling until Europe is (concrete) <>< settled <><>< done !!!! that is my philosophy <><> if you don't follow that,you will be fooled and have lost a lot of money example todays market up over 100 now only up 6. Example if you bought any stock right in the morning you lost !!!!!!!
I agree this is a long company but I will ride the waves and make some money. It has fallen to low 80's 2 times now lately and I plan to dump soon so I can buy on the dips. Why not make a little money on my long term?