03-26-2014, 11:40 AM
(03-26-2014, 11:28 AM)Jason Wrote: Back in June I was trying to decide between Cummings and John Deere. I unfortunately went with Deere. I guess that's how it goes sometimes.
I own both! I guess I'm 50% happy.
I actually debated between CAT, DE, and CMI when I built my portfolio last spring and went with DE and CMI. I've since added to my DE position on its weakness and think it will do fine in the long run.
I'm currently about dead even on the stock after owning it for a year. Its trading under a 10 PE, which I expect will continue until it turns the corner and projects new growth in earnings. I plan on holding for a few more quarters to see how the trends are looking and then may revisit at the end of the year if I see better opportunities for my capital.