Thread Tools Display Modes
Old 01-26-2016, 01:59 PM   #41
Nomad Willy's Avatar
City: Concrete Washington State
Country: USA
Vessel Name: Willy
Vessel Model: Willard Nomad 30'
Join Date: Oct 2007
Posts: 14,278
Originally Posted by bnoft View Post
Many boats
I don't think Cummins is in any financial difficulty. They have a strong balance sheet. Engine sales to truck manufacturers have dropped a bit; US sales have been strong until very recently. Sales to China and Brazil are way down, no surprise given their economies. Can't give you a break down on marine sales.
Now the stock, which reached about 160, has dropped to about 85; a reflection of concerns that US sales may have stalled and foreign sales remain poor. It trades at about a 9 P/E.
Well a stock going down that much would seem like trouble to me. But as a pleasure boat owner wanting to have Cummins products available as before this may not be bad berries. If it was others would probably be talk'in about it and they aren't. Thanks for the reassuring info.


North Western Washington State USA
Nomad Willy is online now   Reply With Quote
Old 01-26-2016, 03:26 PM   #42
Senior Member
bnoft's Avatar
City: Lottsburg, Va
Country: USA
Vessel Name: Amazing Grace
Vessel Model: Ocean Alexander 52 Sedan
Join Date: Dec 2007
Posts: 204
unfortunately, there are a lot of stocks down 20-35%, granted CMI is off more like 45%, both are painful

bnoft is offline   Reply With Quote
Old 01-28-2016, 07:49 AM   #43
FF's Avatar
Join Date: Oct 2007
Posts: 17,244
The world is so awash in debt that many businesses world wide are attempting to play Keep Alive , rather than expanding.

This brings down CAT , Cummins , DD, JD and other construction enableing businesses.
FF is online now   Reply With Quote
Old 01-28-2016, 08:53 AM   #44
City: gulf coast
Country: pinellas
Join Date: Jun 2014
Posts: 2,348
If you have never opened the heat exchangers on your Cummins it is a good thing to do. Mechanics sometimes don't bother getting the old zinc residue out when servicing the system. My boat was only a couple of years old when I got it but I found several zinc stubs blocking the sendure HEs.

bayview is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 09:11 AM.

Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012