Dow Jones Industrial Average 12,681 (UP) Week ending 07-22-2011
the same time Cummins Inc.(CMI) and GE (GE) both at distressed bargain prices between $10 and $15. I doubled my money on both and then I sold one of them. I kept GE which is now trading at $19.04. I sold the Cummins and it is now trading at $106.78. A "Six" bagger from my purchase price. What I should have done is sell half of my position in each, and held the balance. *** Lesson learned for you to pass on to your kids.
......And now I am going to tell you to buy Cummins Inc. (Symbol CMI) at it's present day price of $106.78. Talk about muscle. 2011 earnings per share are projected at $8.13 and for 2012 of $9.82 per share. Long term earnings growth of 19% and a Return on Equity of 28% make this a desirable long term investment.