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How Will Cummins Do in a Recession?

Robert,
Very thoughtful and insightful, thanks for following up with the details of Cummins' operation. What you depict, in my opinion, demonstrates that the management of Cummins has done a superb job in sticking to both their core business strengths and still diversified in a proactive manner into other areas.

Whether the diesel business continues or must follow the downturn will be discovered relatively quickly, but these other moves by Cummins continue to strengthen our belief that it is a good long term play in this area. Again, at such depressed price levels, we think it may be the right time to move back into CMI, but again, as you allude to, the market in general may be too volatile for such a move. Really just depends at this point on each investors level of stomach acid.

Thanks.