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Cummins Engine Roars on International Sales

 May 01, 2008 12:30 PM UTC
Symbol Sentiment Start Return Closed
CMI Positive 05/01/08 +14.80% 06/13/08

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

I restarted Cummins Engine (CMI)
in the fund 2 weeks ago as a "weak dollar" play - one thing that
attracted me to this name in the fall was it's large (and very early)
exposure to Chindia. <!--more-->Once I started seeing company after company make
up all their US losses with major currency benefits from international
sales (along with booming volume sales overseas) this seemed like a
good time to re-enter this name. [Apr 18: Restarting Cummins Engine as Rest of the World Moves on Without USA]


So far so good; earnings booming on overseas sales.
If not for a nasty gap in the chart which I would like to see "filled," I'd be adding to this position today. Instead I will add when the stock
falls and fills this gap (in low $56 range). My hope right now is the
stock runs to mid $60s, where I'd lighten up and then refill the
position as it eventually falls back to fill that gap in the chart -
ambitious plan, but it would be a dream scenario. This stock remains
dirt cheap.


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