Cummins ide me, Daddy: A $9.7 Billion Dollar Gay Bear Tail Thesis (CMI)

Posted: Apr 08, 2024

- Cummins (CMI) is a stable diesel engine company based in Indiana - Recently settled for $1.7 billion with EPA for violating Clean Air Act - Facing shareholder and customer lawsuits related to emission defeat devices - Finalized separation from sister company Atmos Filtration, affecting hedge fund sentiments - Significant increase in short interest (SI) on CMI from January to March, now at 32,498,522 shares - Earnings date for CMI is 4/30/24, expected to report drop in revenue and EPS - Speculation of insider trading/knowledge leading to bearish outlook on CMI stock - Poster has invested majority of portfolio in CMI puts





Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!