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Cummins Inc. Message Board

  • whiteonyx52 whiteonyx52 May 21, 2013 2:07 PM Flag

    There is one word for what is going on in the overall market and in CMI

    Irrational. What is built on quick sand always sinks.

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    • The market maybe....but CMI is hardly overvalued. But they need to split and get rid of the sticker shock of buying one share. This is trucks not tech or other "high price tag stocks"...the market is all about psychology and CMI is "expensive" in terms of price regardless of the market. But it's a leader in the group. Market isn't "irrationally exuberant" ...yet. But Uncle Ben will need to apply the brakes later this year and "go neutral" on stimulus or even start backing off.

      • 1 Reply to colorado_dude4u
      • Value compared to what? It is overvalued based on Mean earnings. Sure take a snapshot suring good times and its not that overvalued. Point is its over bought big time and it missed earnings. CAT is 88 and they have about the same EPS and basically same business. Sure one makes engines and one is a global benchmark and diversified. But Cummins makes engines that go into heavy equipment so basicaly the same stock. I watch about 90% of all trades ion CMI are 100 share sizes. Phony.

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