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Cummins (CMI): Q3 EPS of $1.86 misses by $0.04. Revenue of $4.1B (-11% Y/Y) misses by $50M. (PR)

Cummins (CMI): Q3 EPS of $1.86 misses by $0.04. Revenue of $4.1B (-11% Y/Y) misses by $50M. (PR)

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Comments (1)
  • dook
    , contributor
    Comments (58) | Send Message
     
    Let's face it......we are at a trough in cyclical earnings and the stock prices reflect that fact. The question is whether this is a real trough or a fake that will give way to a lower trough. Short covering obscures what the serious market is thinking. In the end, only time will tell whether the current trough is the last one that cyclicals will have to face. I suspect that it is too early to declare the troughing over.
    31 Oct 2012, 05:16 PM Reply Like
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