Could Be a Sticky Situation
3M (MMM), within 2 points of its all time high, is a stock nobody talks about. I am not sure why 3M doesn't get more attention, because the company's revenue has only been down once in the last 10 years (in 2009). 3M is like the Energizer bunny; it keeps going and going. But, with worries over the global economic outlook, is it too late to get into this industrial powerhouse?
With operating margins between 20% and 30% in each of its six major business lines, 3M is extremely well-run and very profitable. Total sales have grown at an annualized 7.4% since 2002. Over the last decade, earnings per share have increased at an 11% annualized rate....276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.