Updating Cedar Fair, 3M, Quaker Chemical and T. Rowe Price

Article Excerpt

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 7.8% rise in attendance at its amusement parks. Hold. 3M COMPANY $90 (www.3m.com) has raised its dividend each year for the past 53 years. The new annual rate of $2.20 yields 2.4%. As well, 3M plans to buy back $7 billion of its shares, or 11% of the total outstanding. There is no time limit for these repurchases. Best Buy. QUAKER CHEMICAL CORP. $36 (www.quakerchem.com) has acquired privately held Summit Lubricants Inc., which makes specialty greases for military applications. The purchase price of $30 million is equal to 1.2 times the $24.9 million, or $2.19 a share, that Quaker earned…