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MMM - 3M Company

post #1 of 90
Thread Starter 
chart.ashx?t=mmm&ta=1&p=d&s=l

About 3M Touch Systems, Inc.

3M Touch Systems Inc., a wholly-owned subsidiary of 3M, operates globally and reports through 3M Electro and Communications Business, headquartered in Austin, TX. For more information, visit www.3M.com.
post #2 of 90
at&t (T) is holding up in the DOW as well. healthy dividend and lookin to grow
post #3 of 90
WIth a low growth enviorment MMM tends to benfit an outperform the DOW on a year to year basis.

They have consistent growth and really do not depend on the markets trend as much but rather were they are in the business cycle.

MMM is a good long term buy.
post #4 of 90
Thread Starter 
$75.84, doing nicely. I took a small position at $75.10
post #5 of 90
Thread Starter 
We're up to 77.95, next resistance is $80
post #6 of 90
3M to acquire Innovative Paper Technologies and Powell LLC (MMM) 77.28 : Co enters into a definitive agreement to acquire Innovative Paper Technologies, a manufacturer of inorganic-based technical papers; and Powell LLC, a supplier of non-woven polyester mats for the electrical industry.
post #7 of 90
Thread Starter 
would have made a pretty penny from when I made the thread to before the drop. It went from $75 in March to over $95 (26%)! Watch for an entry point!

post #8 of 90
they're trying a bear raid on dow stock
post #9 of 90
Earnings scheduled for next friday April 24. Anyone in on this?
post #10 of 90

3M Company - MMM

Ok so 3M - Anyone playing this?
Earnings tomorrow.. 4/24/09

3M Company (3M) is a diversified technology company with global presence in industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company is a primary manufacturer of products for many of the markets it serves. 3M operates in six operating business segments: industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company's products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries worldwide. In February 2009, the Company announced the formation of its Renewable Energy Division within 3M's Industrial and Transportation Business.
post #11 of 90
Mjoke, I live a mile away from corporate headquarters, this company is huge and they are into so much.
Take it from me, trust me n this, if you want a stock in a good company buy 3M (MMM)
because during the summer it will hit $75, it always does and it always splits at $120.
I have had many friends and family members and an ex-girlfriend that have worked for this company.
Only thing I hate about 3M is their hiring practices, but that is another story.
post #12 of 90
well im doing 60.00 calls .. exp may 15th.

Ya i read on a few reports they have had layoffs and are offering buyouts..
Lately how the markets have been reacting, i would expect it to go up..
post #13 of 90
Quote:
Originally Posted by mjoke View Post
well im doing 60.00 calls .. exp may 15th.

Ya i read on a few reports they have had layoffs and are offering buyouts..
Lately how the markets have been reacting, i would expect it to go up..
I am buying it on margin then, thanks for the reminder about 3M.
This is the truth, if I had $50,000, I would not play the stock market, I would just buy MMM and let it grow, great company.
post #14 of 90
LOL, I only could afford 19 shares, but at least I bought some.
So do you think news will come AH?
post #15 of 90
weeeeeeeeeeee u like so far
Earnings are tomorrow.. news will be all over AH i think..

Also its running nicely..
post #16 of 90
Quote:
Originally Posted by mjoke View Post
weeeeeeeeeeee u like so far
Earnings are tomorrow.. news will be all over AH i think..

Also its running nicely..
Yes it is! Nice one mjoke.
post #17 of 90
lol i try to stay away on margin.. but then that hinders me sometimes.
Just dont wanna lose someone elses money lol
post #18 of 90
wow it doesnt like after hours. lol
post #19 of 90
Quote:
Originally Posted by mjoke View Post
wow it doesnt like after hours. lol
I see that.
post #20 of 90
Manufacturing conglomerate 3M Co., whose brands include Scotch tape and Post-it notes, reports earnings for the first quarter on Friday before the opening bell. The following is a summary of key developments and analyst opinion related to the period.

OVERVIEW: The diversified manufacturer, which also makes asthma inhalers, film used in LCD televisions, electrical products, among a long list of other offerings, waited only a day after the close of the first quarter to announce it would be cutting an additional 1,200 jobs, or 1.5 percent, because of the global economic slump.

Then, less than weeks later it offered some 3,600 employees, or 11 percent of its work force, early retirement packages. 3M did not say how many employees it hoped would take the voluntary package by May 31, or how much it expected to save if employees opted to retire earlier than planned.

3M is expected to provide further details when it reports its first-quarter results Friday.

The latest round of jobs cuts follows 3M's decision to eliminate 2,400 jobs in the fourth quarter to save $235 million this year. The company has also made several efforts to trim costs including deferring merit pay increases and modifying its policy on banking vacation days. The company plans to cut capital spending by about 30 percent this year and conserve cash aggressively.

During the quarter, 3M's board raised the company's regular quarterly dividend 2 percent to 51 cents but suspended its $7 billion stock repurchase program in an effort to preserve cash.

BY THE NUMBERS: Analysts surveyed by Thomson Reuters expect 3M to post quarterly earnings of 86 cents per share on revenue of $5.22 billion.

ANALYST TAKE: Following 3M's announced buyout, Frost & Sullivan analyst Dilip Sarangan said efforts by the company to conserve cash over the past two months is meant to protect it from the recession. It is also an early indication that 3M does not expect to do well this year, he added.

"The company is not growing at this time and trying to keep its profits as close to analyst expectations as possible," he said.

WHAT'S AHEAD: Analyst Jeffrey Sprague of Citigroup warned of some risk to 3M, which has broad exposure to the U.S. economy, due to increasing earnings volatility and reduced visibility.

"The company is highly sensitive to global macroeconomic conditions," said Sprague, in a recent note to clients. "Weakness in global industrial end markets and tightening credit conditions could negatively impact results."

STOCK PERFORMANCE: The stock fell nearly 14 percent in the first quarter to end the period at $49.72. The stock has traded from $40.87 to $82.20 over the last 52-week period.

Copyright 2009 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
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