Added to YB: 2024-03-12
Pitch date: 2024-03-12
CMI [neutral]
Cummins Inc.
+128.8%
current return
Author Info
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Company Info
Cummins Inc. offers various power solutions worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera.
Market Cap
$72.1B
Pitch Price
$260.01
Price Target
N/A
Dividend
1.53%
EV/EBITDA
13.17
P/E
27.10
EV/Sales
2.33
Sector
Machinery
Category
special_situation
Show full summary:
Cummins split off of Atmus Filtration Technologies
CMI arbitrage on Cummins/Atmus split-off. Exch ratio near 12 (7-11 Mar VWAPs). Odd lots not prorated, >$2k gain possible buying 99 CMI shares at $26,450, shorting 1,188 ATMS at $29,200. Risks: tender cancel, market moves. CMI selling ATMS tax-efficiently. Small investor edge via no proration.
Read full article (2 min)