Seeking Alpha: Cummins Getting A Lot Of Benefit Of The Doubt

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.

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Cummins Getting A Lot Of Benefit Of The Doubt

Investopedia: Clarcor's Growth Story A Little Gummed Up

Industrial filtration is one of those "stealth growth" markets that gets little attention, but offers investors a good play on diverse themes like pollution control, energy efficiency and OEM equipment growth. Recently, though, it has started to look as though this sector has some issues to resolve. Like Donaldson (NYSE:DCI), Clarcor (NYSE:CLC) is not looking at a disastrous operating environment, but it looks like investors have to lower their expectations a little for the time being.

Disappointing Third Quarter Results  
Bucking the "beat and raise" trend that is still prevalent in the industrial sector, Clarcor actually missed its estimates for the quarter. Sales rose 8%, with double-digit growth in the industrial/environmental segment and solid results in engine/mobile filtration offsetting a decline in the packaging business.

To read the full piece, click below:
http://stocks.investopedia.com/stock-analysis/2011/Clarcors-Growth-Story-A-Little-Gummed-Up-CLC-DCI-CMI-HON-CYD-PH-CAT0915.aspx

Investopedia: Can China Yuchai Rev Up Your Portfolio?

Sometimes it seems that investing in China is all about finding the "Chinese version" of some successful Western company. Gome is the "Chinese Best Buy (NYSE:BBY)," Lenovo is the "Chinese Dell (Nasdaq:DELL)," Zhongpin (Nasdaq:HOGS) is the "Chinese Smithfield (NYSE:SFD)," etc. 
With that in mind, then, is China Yuchai (NYSE:CYD) the "Chinese version" of Cummins (NYSE:CMI), the successful Indiana-based diesel engine manufacturer? More to the point, as the risks of investing in Chinese stocks become more widely-known, is this a name investors can trust as a play on the ongoing growth of China's industrial and transportation sectors? (For more, see Investing In China.)

A Solid End to the Year 

China Yuchai reported that fourth quarter revenue rose almost 24% to about $607 million, largely on the back of a nearly 14% increase in unit sales. While pricing was strong in general, the company also benefited from an going migration towards heavy-duty engines making up a larger portion of the sales mix.

To read the full piece, please go here:
http://stocks.investopedia.com/stock-analysis/2011/Can-China-Yuchai-Rev-Up-Your-Portfolio--CYD-CMI-CAT-F-GM-HMC0401.aspx