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Institutional investors (IIs) expect better quarters ahead for 3M Co. (MMM), and that's a major reason I'm reiterating my buy rating for the company's shares, first recommended on April 20, 2009, at a price of $51.97. If you bought 3M in April 2009, you're up an impressive 58%.

In the spring 2009, I argued, among other factors, that a strong case for buying 3M shares could be made based on the company's large free cash flow, net return on capital, and reasonable P/E (then about 11), before everyone else jumped on the bandwagon.

Continue reading 3M: Pull-Back Is Buy Opportunity

3M: Pull-Back Is Buy Opportunity originally appeared on BloggingStocks on Mon, 25 Jan 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3M Co.mmmtapeMon, 25 Jan 2010 17:00:00 EST<![CDATA[3M is in an uptrend]]>http://www.bloggingstocks.com/2009/11/04/3m-is-in-an-uptrend/http://www.bloggingstocks.com/2009/11/04/3m-is-in-an-uptrend/http://www.bloggingstocks.com/2009/11/04/3m-is-in-an-uptrend/#commentsFiled under: ,

I'm reiterating my Buy rating for 3M Co. (NYSE: MMM), first recommended on April 20, 2009 at a price of $51.97. If you bought 3M in April, you're up an impressive 46%.

Way back in the spring, I argued, among other factors, that a strong case for buying 3M shares could be made based on the company's large free cash flow and net returns on capital, and reasonable P/E (then about 11), before everyone else jumped on the bandwagon.

Well, with a current P/E of about18, 3M is no where near as cheap, but I still like the shares here, around $75.

Continue reading 3M is in an uptrend

3M is in an uptrend originally appeared on BloggingStocks on Wed, 04 Nov 2009 17:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3moffice suppliesOfficeSuppliestapeWed, 04 Nov 2009 17:45:00 EST