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+--- Thread: Cummins (CMI) (/showthread.php?tid=1409)
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Cummins (CMI) - Kerim - 12-01-2015
CMI is taking a beating today. Yield is up to 4.2 percent. I don't have a position, but this might be the time to start one. Anybody jumping in?
RE: Cummins (CMI) - benjamen - 12-01-2015
CMI is going to take a beating in the short term, but should be a good long term investment. I bought at $100 and will average down if it drops below $90.
RE: Cummins (CMI) - Dividendsrule - 12-01-2015
I think because of the specialty quality of this company, I have kept my position smaller than usual. So I am comfortably holding as Cummins engines are known in the industry to be the best, but personally I don't feel the dire need to add to my position right now.
RE: Cummins (CMI) - rapidacid - 12-01-2015
CMI's dividend payment date happened to be today and since I'm DRIPping I consider myself lucky to be getting a temporary 8% dividend hike
RE: Cummins (CMI) - ronn38 - 12-06-2015
I'm going in at $90
RE: Cummins (CMI) - ChadR - 12-11-2015
Great start to the forum Brendakr.
RE: Cummins (CMI) - crimsonghost747 - 12-11-2015
(12-06-2015, 11:13 AM)ronn38 Wrote: I'm going in at $90
looks like you got lucky
RE: Cummins (CMI) - Main Street Stock Investor - 12-12-2015
Bought more CMI yesterday. CMI is 1.67% of portfolio. Position basis is now $79/share. Yield on Basis = 4.94%
Jefferson Research and evaDimensions have a buy rating on CMI.
M$$I
RE: Cummins (CMI) - benjamen - 12-18-2015
CMI is down in the 85$ range and yield is over 4.5%, so I picked up another batch.
RE: Cummins (CMI) - Kerim - 01-06-2016
Been taking a hard look at CMI the past few days and am very tempted to open a position, but an wary of increasing my exposure to cyclicals. I know, I know, my time horizon should make that a small concern, but I am nonetheless hesitant.
It feels like it has been a really long time since I've been able to pick up shares in any sleep-like-a-baby consumer staples companies at reasonable prices. I know that you've got to take what the market is offering, and right now it is offering CMI. But it is not feeling like a no-brainer. Seems like lots of scenarios could send the share price even lower.
Sorry for the hand-wringing. Am I over-thinking it?
RE: Cummins (CMI) - navyasw02 - 01-06-2016
(01-06-2016, 03:42 PM)Kerim Wrote: Been taking a hard look at CMI the past few days and am very tempted to open a position, but an wary of increasing my exposure to cyclicals. I know, I know, my time horizon should make that a small concern, but I am nonetheless hesitant.
It feels like it has been a really long time since I've been able to pick up shares in any sleep-like-a-baby consumer staples companies at reasonable prices. I know that you've got to take what the market is offering, and right now it is offering CMI. But it is not feeling like a no-brainer. Seems like lots of scenarios could send the share price even lower.
Sorry for the hand-wringing. Am I over-thinking it?
I'm wrestling with the same thing. I'm going to wait a bit, it wont shoot back up to the $140 range anytime soon, so there's no immediate rush for me. I'm ok with not buying at the bottom.
RE: Cummins (CMI) - benjamen - 01-07-2016
I don't understand the bear thesis to CMI.
P/E: 9.5
Yield: 4.4%
Payout ratio: 43%
Even if the small forecasted cyclical drop in earning happens next year happens, you are looking at a payout ratio of 50-55%
No massive debt burden