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3M Company Message Board

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  • ntack5 ntack5 Aug 18, 2005 12:48 PM Flag

    Target price for MMM: $57

    Dear Idiots,

    Waiting around trying to pick the bottom is as foolish as thinking you can pick the top. MMM is a strong company..take a look at their financials statements...5-year average Return on Capital above 24%, Net Operating Margins above 12% (good), EPS growth rate of almost 13% Year over year. Not too many companies stack up to this record. Name a couple if you can? What diversified conglomerate doesn't have "competition"?

    Before this stock reaches $57, it will likely reverse and head higher. I don't care so much were it heads short term, except to say that I will buy more the cheaper it gets, but long term, MMM is a winner. Wall street is short term focused - always has been, always will be. I don't "rent" stocks for 1-2 years. I "own" them until I need the money - many years from now.

    Check out their financial key ratios...very impressive...

155.38-0.27(-0.17%)Jul 2 4:05 PMEDT