Eli Lustgarten
Eli Lustgarten
apparently company few fine higher lower match past performance revenue slightly tax
(Cummins) had higher revenue and slightly lower profitability for the quarter, but even so it's a very fine quarter. Without the tax benefits, the company didn't match expectations or match up to the stock's performance of the past few weeks, which has apparently disappointed some on the market.
credit levels lower showing
You've got to give them credit. They're showing better levels of profitability on lower volumes.
lousy report
The report is lousy but it is much better underneath.
business carrying company farm garden lawn
The farm business is soft, and the construction and lawn and garden are carrying the company right now.
burden debt market reduce soft
Anything Deere can do to reduce its debt burden when the market is soft makes sense.
changed company far few improved last radically seeing time
You're seeing a radically changed company, a radically improved company. There's recognition that Cummins is a changed company and a far better company than it has been at any time in the last few decades.
fact favorable industrial profit quarter steel strength taking weak
The fact that it was all steel with weak industrial and automotive is not the most favorable mix. With the strength of the stock, profit taking is not uncommon, particularly after a quarter like this.
cash coming consensus december equipment factors farm flow market outlook produce reflection sales tax weaker
The conventional consensus is these factors will produce a weaker market for farm equipment in 2006. December sales are a reflection of cash flow and tax planning, but do not reflect the outlook for the coming year.