3M Co. (MMM)

Re: 3M Co. (MMM)

Postby winston » Thu Apr 27, 2017 7:45 pm

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IT MAY BE BORING, BUT IT WORKS

Today, we're beating the drum once again on one of our favorite investing strategies...

Longtime DailyWealth readers know that the simplest businesses – like waste disposal and tools – often reward shareholders the best.

Contrary to popular belief, you don't need to make risky bets to make a lot of money in the stock market.

For proof, we look at $117 billion manufacturing conglomerate 3M (MMM). The company makes "boring" household products like ACE bandages, Post-it notes, and Scotch tape.

3M has grown its bottom line consistently over the last several years and has passed that growth along to shareholders, raising its dividend for 58 consecutive years.

Still, 3M isn't the type of stock you'll hear about much from Wall Street analysts or your next-door neighbor.

But that's OK with us... As you can see from the following chart, 3M shares just broke out to a fresh multiyear high. They're up nearly 120% over the last five years alone.

Investing in boring household items may not be exciting, but it works...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: 3M Co. (MMM)

Postby winston » Tue Aug 08, 2017 7:00 am

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3M (MMM) simply wasn't as bad as the stock says.

In fact, this company had terrific organic growth and will continue to do so and you are being given a gift here to buy the stock.

I will go a step further: CEO Inge Thulin delivered another really solid quarter, but the stock had run as if it would be a blowout. That's not the 3M way.

This stock remains a core portfolio holding.

Source: Cramer, The Street
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: 3M Co. (MMM)

Postby winston » Fri Jan 19, 2018 10:26 pm

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ANOTHER 'BORING' BUSINESS – WITH ATTRACTIVE GAINS

Today, one of our favorite investing strategies is paying off again...

Contrary to popular belief, you don't need to make risky bets to succeed in the stock market. Longtime readers know simple businesses often reward shareholders the most. These companies make steady profits on everyday goods like soda, pet food, and cleaning products. That's a great recipe for lucrative, long-term investments...

For proof, we look at manufacturing conglomerate 3M (MMM). This $145 billion giant makes "boring" household products like ACE bandages, Post-it notes, and Scotch tape. 3M has grown its bottom line consistently over the past several years...

And it's passing those rewards on to its shareholders. The company has now raised its dividend for 58 years straight. Still, this isn't the type of stock you'll hear about at cocktail parties.

And that's OK with us... As you can see in the chart below, 3M shares are soaring to record highs. They've climbed 180% over the past five years... And they've risen 40% over the past year alone. Investing in tape and sticky notes may not be exciting, but it works...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: 3M Co. (MMM)

Postby winston » Mon Dec 03, 2018 8:28 pm

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3M (MMM)

3M (NYSE:MMM) has pulled back of late, as cyclical fears have weighed on industrial stocks. MMM stock actually is down nearly 15% so far this year.

But as the 116-year history of 3M proves, the company has weathered cyclical declines in the past. Each time, 3M has emerged stronger — and each pullback has been a long-term buying opportunity in 3M stock.

It’s tough to see why this time necessarily is different. Valuation may have run a bit too far at the beginning of the year but it’s now much more in line, with MMM trading at 18x+ forward earnings. Here, too, a nice dividend yield (2.7%) helps the case.

It’s the broad point that’s most important, though. 3M’s portfolio of tapes, cloths, medical supplies, and sealants (to name just a few products) might not be revolutionary. But it’s driven above-market returns in 3M stock for decades.

And it’s the type of portfolio that can allow investors to beat the market with MMM stock going forward, as well.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: 3M Co. (MMM)

Postby winston » Sat May 11, 2019 9:10 pm

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3 Reasons to Take a Gamble on MMM Stock

by Josh Enomoto

1. Acelity Takeover a Bright Spot for MMM Stock
2. Asia Headwinds Are a Temporary Problem for 3M Stock
3. 3M Stock has Relevant Products


Source: Investor Place

https://finance.yahoo.com/news/3-reason ... 47614.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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