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More on Cummins' (CMI) Q3 results: Engine revenues -14%, components -8%, power generation -7%....

More on Cummins' (CMI) Q3 results: Engine revenues -14%, components -8%, power generation -7%. Says demand has dropped sharply over the last three months; in response, it is delaying or canceling projects, flexing production at some plants, reducing discretionary expenses, and reducing workforce by 1,000-1,500 by year-end. CMI -1.2% premarket.
Comments (9)
  • anomaly1
    , contributor
    Comments (767) | Send Message
     
    Cancelled projects don't come back for years, if at all.

     

    I am shorting CMI.
    31 Oct 2012, 01:33 PM Reply Like
  • chopchop0
    , contributor
    Comments (3148) | Send Message
     
    Nice timing, it's up 5.7% today LOL

     

    Seriously, does anyone know why there's a such a big move in CMI today (and why WMT is such a dud today??)
    1 Nov 2012, 03:40 PM Reply Like
  • chopchop0
    , contributor
    Comments (3148) | Send Message
     
    How's that short working out so far?
    6 Feb 2013, 09:18 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2607) | Send Message
     
    took some cmi profits today at 95.95
    1 Nov 2012, 09:40 AM Reply Like
  • Momintn
    , contributor
    Comments (3842) | Send Message
     
    Weakness from China may be made up by rebuilding in the USA. CMI should do better from Sandy; they depend on demand from manufacturers of construction machinery, trucks and power generation equipment. If Romney wins, all bets are off.
    1 Nov 2012, 12:52 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2607) | Send Message
     
    took some cmi profits today at 99.83
    2 Nov 2012, 09:43 AM Reply Like
  • chopchop0
    , contributor
    Comments (3148) | Send Message
     
    I almost did that, but now it's up another 20%. Maybe I should take some here??
    6 Feb 2013, 09:18 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2607) | Send Message
     
    I've found I'm terrible at predicting stock prices,so I just buy and sell as it goes up and down. over time it works out.
    6 Feb 2013, 09:27 AM Reply Like
  • chopchop0
    , contributor
    Comments (3148) | Send Message
     
    A nice 20%+ gain since then
    22 May 2013, 10:14 AM Reply Like
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