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Cummins (CMI) -4.4% after it cutting its full-year revenue outlook for 2012 to be in line with...

Cummins (CMI) -4.4% after it cutting its full-year revenue outlook for 2012 to be in line with 2011's $18.05B vs. previous guidance for an increase of 10%. Analyst expect $19.84B. The firm also forecasts Q2 revenues of $4.45B vs. $4.64B last year and consensus of $5.07B. More positively, Cummins raises its quarterly dividend to $0.50 a share from $0.40. (PR)
Comments (4)
  • Matt Hylland
    , contributor
    Comments (45) | Send Message
     
    So they put up the same numbers as last year...heck, lets say 10% lower than last year. We are still looking at:

     

    17B Rev = $88/share in revenue...P/S of less than 1.
    ~$8.60 EPS = PE of a touch below 10
    $1.2Billion free cash flow
    Not much debt, recovering auto sales.

     

    I don't know...$130 may have been pricey,but $85?....yeah I'll take a stab there.
    10 Jul 2012, 03:19 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2732) | Send Message
     
    bot some cmi today at 83.80.

     

    to gauge financial strength I look at ebitda/total liabilities. CMI was most recently at .47,pretty good. but they need financial cushion because of their cyclical business. that makes for mucho volaitlity, which is fine with me. I've made a lot of money trading a position in cmi.
    10 Jul 2012, 07:28 PM Reply Like
  • Sameer Advani
    , contributor
    Comments (255) | Send Message
     
    Dont touch with a ten foot pole. They have no idea what to expect from China, since they don't have any control over their joint ventures their.
    10 Jul 2012, 08:02 PM Reply Like
  • New Low Observer
    , contributor
    Comments (2078) | Send Message
     
    Agreed. This stock will be $40 by November 2012...and possibly as low as $30.18.
    11 Jul 2012, 12:13 AM Reply Like
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