It looks like I might have bought this one just in the nick of time. They just increased their dividend 4.3% (not a huge increase but bigger than inflation). Additionally, "3M authorized a $7 billion 2-yr stock buyback plan. Soleil Securities upped MMM to Buy from Hold with an $86 tgt. Deutsche Bank upped 3M to $90 from $87."
Well that's my good news for the day.
Tuesday, February 13, 2007
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2 comments:
Good buy, but I never like seeing a foward P/E higher than a current P/E.
I guess I'm just bitter because I almost pulled the trigger when it dipped down to like $68 in August...
A great update.
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