Looking through some of the pundit discussions, we saw that Jim Cramer was commenting on Cummins Incorporated (CMI) last night. Cramer quickly laid out some thoughts (as he normally does) stating that he thinks its a great company, but now would not be the time to buy the stock. It also has its ex-dividend date of today, so that ship has sailed as well. With a current dividend yield of about 3.24%, this was not an insignificant opportunity. 
As with most “lightening round” discussions with Cramer, or any pundit, we have real concerns with “Sound Byte Investing” as we have come to call it at Ockham. It is fine to have a quick instinct, but the theories and stories espoused by Malcolm Gladwell in his bestselling book “Blink“, aren’t necessarily optimal for long term investing. In the coming months, we will examine this “twitter” like mentality as it is applied to investing and what the best way to benefit from the changing face of pundit advice to investors.
In this case, Cummins, Inc.
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