Ksyrup
12-16-2003, 09:39 AM
Sorry, but I found this to be pretty funny, considering the juxtaposition between big business and childish humor. It's amazing what persistent toilet humor can force a large company to do...
"Cummins has changed its stock symbol for its listing on the NYSE to 'CMI', effective from the start of US market trading today, December 10.
The change says Cummins "more appropriately aligns Cummins stock symbol with its corporate image as a fully-integrated supplier of power and related products."
At least, that's what the official press release states. Unofficially, from the Columbus, Indiana, Republic newspaper article:
"Cummins, Inc. has dumped its stock symbol, CUM, because of inappropriate use on the internet, and effective today will be traded as CMI.
The former stock symbol was "used inappropriately in Internet chat rooms and message boards and has become a distraction for customers, investors, and employees.
"Over time, it became apparent that the inappropriate use of the stock symbol wasn't going away.", said Jason Rawlings, director - public relations."
Of course, on investor message boards, the change wasn't wholly supported:
"This new ticker symbol is a bit hard to swallow.
It kinda leaves a bad taste in my mouth."
And then came more of the obvious as word of the true reason for the ticker change made the rounds...
"i wonder how this will effect their liquid assets."
"Is CUMmins still a fluid investment?"
"I hear CUM was pulled from the NADSAQ. Apparently some are scared off by the "in your face" marketing style, while some risk-takers are intrigued.
I would probably go short on this one, but that's just me. Stronger similar plays include SPUJ, JIZ and SMEG, but that doesn't mean you should blow your wad in this sector. Wait for the dips, then get in when the action starts getting hot and heavy and go long. Look for high volume with the next big release.
Maybe you shouldn't listen to me. I recently took a beating on SNM."
OK, you get the idea... :D
"Cummins has changed its stock symbol for its listing on the NYSE to 'CMI', effective from the start of US market trading today, December 10.
The change says Cummins "more appropriately aligns Cummins stock symbol with its corporate image as a fully-integrated supplier of power and related products."
At least, that's what the official press release states. Unofficially, from the Columbus, Indiana, Republic newspaper article:
"Cummins, Inc. has dumped its stock symbol, CUM, because of inappropriate use on the internet, and effective today will be traded as CMI.
The former stock symbol was "used inappropriately in Internet chat rooms and message boards and has become a distraction for customers, investors, and employees.
"Over time, it became apparent that the inappropriate use of the stock symbol wasn't going away.", said Jason Rawlings, director - public relations."
Of course, on investor message boards, the change wasn't wholly supported:
"This new ticker symbol is a bit hard to swallow.
It kinda leaves a bad taste in my mouth."
And then came more of the obvious as word of the true reason for the ticker change made the rounds...
"i wonder how this will effect their liquid assets."
"Is CUMmins still a fluid investment?"
"I hear CUM was pulled from the NADSAQ. Apparently some are scared off by the "in your face" marketing style, while some risk-takers are intrigued.
I would probably go short on this one, but that's just me. Stronger similar plays include SPUJ, JIZ and SMEG, but that doesn't mean you should blow your wad in this sector. Wait for the dips, then get in when the action starts getting hot and heavy and go long. Look for high volume with the next big release.
Maybe you shouldn't listen to me. I recently took a beating on SNM."
OK, you get the idea... :D