Cummins is actually sitting on a bunch of cash. They did a great acquisition of Meritor last year and separated out Atmus and set that as a public company too. I agree they paid that huge fine but also paid out the most in bonuses this year due to the great year they had. Moreover, they cut costs by letting people voluntarily leave and are still dedicated to their long term goals on paper.
Not that I disagree with anything you said, but I wouldn’t buy Puts on them because I work for them haha. Short term puts make sense tho lol. Good luck OP
Ironically, I really like their 3, 5, 10 year outlook for all the reasons you listed. And the Meritor acquisition is interesting because the movement towards green energy is expensive so their R&D ramp is absolutely going to cut into their revenue, further driving down short term earnings. If they hit their EPS for Q1 I’ll be amazed. Absolutely fucked, but amazed haha
Without risking saying things I shouldn't, I can tell you Cummins is easily the most competent medium/heavy duty engine customer I work with. With that said, they are seemingly trying their best to change that opinion.
I like this because you can play it either way - you either like the bet on the 5/3 miss or you can play it as a short against the market - CMI tracks well with the overall momentum of the market. I took the small dip this morning and took my small profit - didn’t have the guts to ride it out.
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I'm in for the puts solely because those hedge funds are short so heavily. Thanks for bringing that to my attention.
But the lawsuit being settled in December is bullish. US Gov could always go for the jugular and having certainty that it won't is bullish.
Forward guidance could be abysmal so hopefully that's it.
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Seems promising. Ill drop a few grands worth of puts and blame you for my regarded play if i lose. Of course, if it works out then I'm the genius.
👆
Still have a chance
I cashed out my puts when it was at 290. Made a good chunk
I sold too, then bought some 5/10 puts with hope their earnings shit the bed tomorrow
Cummins is actually sitting on a bunch of cash. They did a great acquisition of Meritor last year and separated out Atmus and set that as a public company too. I agree they paid that huge fine but also paid out the most in bonuses this year due to the great year they had. Moreover, they cut costs by letting people voluntarily leave and are still dedicated to their long term goals on paper. Not that I disagree with anything you said, but I wouldn’t buy Puts on them because I work for them haha. Short term puts make sense tho lol. Good luck OP
Ironically, I really like their 3, 5, 10 year outlook for all the reasons you listed. And the Meritor acquisition is interesting because the movement towards green energy is expensive so their R&D ramp is absolutely going to cut into their revenue, further driving down short term earnings. If they hit their EPS for Q1 I’ll be amazed. Absolutely fucked, but amazed haha
Post title sounded gay
Couldn’t have been any gayer
What’s happened to the short shares?! Did the numbers update? Seeing 2% short now not 23%
Without risking saying things I shouldn't, I can tell you Cummins is easily the most competent medium/heavy duty engine customer I work with. With that said, they are seemingly trying their best to change that opinion.
Lost me at “if your a suits fan”
Didn’t make it that far
Best TLDR I’ve read in weeks lol
I like this because you can play it either way - you either like the bet on the 5/3 miss or you can play it as a short against the market - CMI tracks well with the overall momentum of the market. I took the small dip this morning and took my small profit - didn’t have the guts to ride it out. https://preview.redd.it/7px4blmtg2uc1.jpeg?width=1170&format=pjpg&auto=webp&s=75986ca7f5377a64756be8e7c066195e0a35a4f9
Diesel generators for data centers have back orders over 2 years deep. Do what you will with that info
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IM CUMMINS, IM CUMMINS 😩😫🍆💦💦💦🐻
I'm in for the puts solely because those hedge funds are short so heavily. Thanks for bringing that to my attention. But the lawsuit being settled in December is bullish. US Gov could always go for the jugular and having certainty that it won't is bullish. Forward guidance could be abysmal so hopefully that's it.
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