3M Company
New York symbol MMM, is one of the world's largest industrial companies. It makes over 50,000 products in six main areas: Industrial and Transportation; Health Care; Display and Graphics; Consumer and Office; Safety, Security and Protection; and Electro and Communications.
We still think investors will profit most — and with the least risk — by buying shares of well-established, dividend-paying stocks with strong business prospects.
These are companies that have strong positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing marketplace.
Stocks like these give investors an additional measure of …read more »
3M Company, New York symbol MMM, makes over 55,000 consumer and industrial products, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard fabric protection and Thinsulate insulation.
3M is one of the large cap stocks we analyze in Wall Street Stock Forecaster, our newsletter that recommends stocks for the part of your portfolio you devote to U.S. investments.
In the three months …read more »
CEDAR FAIR L.P. $20 (www.cedarfair.com) lost $31.6 million, or $0.57 a unit, in 2010, mainly due to $98.1 million in charges related to the early repayment of debt and a writedown of fixed assets. In 2009, it earned $35.4 million, or $0.63 a unit. Revenue in 2010 rose 6.7%, to a record $977.6 million from $916.1 million, thanks to a …read more »
3M COMPANY $47 (New York symbol MMM) has temporarily stopped buying back its shares in order to conserve cash. However, 3M raised its quarterly dividend by 2%, to $0.51 a share from $0.50. The new annual rate of $2.04 yields 4.3%. 3M has increased its dividend each year for the past 51 years. Buy.
T. ROWE PRICE GROUP INC. $24 (NASDAQ …read more »
3M COMPANY $69 (New York symbol MMM; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 669.0 million; Market cap: $46.2 billion; WSSF Rating: Above average) is one of the world’s largest industrial companies and is an example of the kind of blue chip stocks that can pay off for investors. It makes over 50,000 products in six main areas: …read more »
Washington Mutual Inc. recently cut its quarterly dividend, from $0.15 a share to $0.01. It now yields just 0.4%. The company needs to conserve capital in the face of rising loan losses and writedowns of mortgage-backed securities. As well, telephone directory publisher Idearc Inc. suspended its $1.37 dividend due to slowing advertising revenue.
Consequently, we’re moving Washington Mutual and Idearc from …read more »
3M COMPANY $85 (New York symbol MMM) expects its earnings before special items will rise from $4.95 a share to $5.45 a share in 2008, or about 10%. The stock trades at 15.6 times the 2008 estimate. Most of the gain will come from 3M’s international operations, which supply two-thirds of its revenue. The company’s large overseas operations will also …read more »
3M COMPANY $93 (New York symbol MMM; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 715.8 million; Market cap: $66.7 billion; WSSF Rating: Above average) is a diversified manufacturer formerly known as Minnesota Mining & Manufacturing.
3M owns a range of well-known brand names. Post-it notes, Scotch tape, Scotch-Brite household cleaning products, Scotchguard protection and Thinsulate insulation are just a …read more »
As foreign markets mature along with growing economies and rising consumer and business demand, market leaders in the United States stand to gain from bursts of sales on their top products to new overseas customers. This includes companies such as Anheuser- Busch , plus Tupperware Brands, Newell Rubbermaid and United Technologies. It also includes 3M.
Since early last year, 3M’s new …read more »
