Seeing as it is no simple task to find a company with the right mix of good management, competitive products, and attractive long-term markets, I understand why investors are slow to give up on companies that feature these attributes. All the same, it looks like the Street has already looked past this lull in Cummins' (NYSE:CMI) business. Not only is the stock up about 15% over the past year and within 10% of its all-time high, but today's valuation already presumes a pretty solid future outlook with respect to growth.
Read more about Cummins here:
http://www.investopedia.com/stock-analysis/051513/investors-already-thinking-recovery-cummins-cmi-cat-nav-volvy-etn.aspx
Investopedia: Investors Already Thinking Recovery For Cummins
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