Opinions

Site authors opinion pieces on cummins affairs

Opinions

Cummins Confidential : Would You Bet on Cummins?

Would you invest in a multinational that refuses to answer sustained public criticism? TCAP examines Cummins’ silence, its $4 billion credit refinancing and the reputational questions surrounding future clean-energy partnerships. Investors can study the balance sheet. Whether they should trust the company’s approach to accountability is another fucking question.

Opinions

Cummins: Debt-Rich but Accountability-Strapped?

Cummins replaces its existing credit arrangements with two $2 billion revolving facilities through JPMorgan. While analyst commentary remains optimistic, TCAP questions the financing decision, the company’s financial position and its accountability record. Four billion dollars of borrowing capacity. Not quite four billion dollars of fucking reassurance.

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