The peculiar illogic of Wall Street sometimes means that you're better
off buying companies with plenty of room for improvement, as opposed to
those that run themselves with laudable efficiency. In the case of
Cummins (CMI),
it's fair to ask whether the company really has enough dry powder left
to significantly surpass Wall Street expectations and drive a higher
valuation. Although the emerging market growth story has ample room left
to run, it's worth wondering if Cummins' core engine business in North
America and Europe has already seen the best of times.
Please continue here:
Cummins Is At The Top Of The Mountain; Where Can It Go Next?
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