With the stock up almost 40% from its October 2012 lows and less than
10% from its 52-week high, it seems safe to say that investors are
feeling pretty good about Cummins' (CMI)
recovery prospects. Though I have little doubt that anything is
changing in regards to the company's top-notch quality, I do wonder if
investors are too quick to assume that emerging market growth is just
going to go back to where it was. I would love to accumulate these
shares at attractive prices, but today's valuation already assumes a
pretty optimistic scenario.
Please continue here:
Cummins Getting A Lot Of Benefit Of The Doubt
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