Tuesday, February 13, 2007

MMM Update

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.

2 comments:

advantage said...

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...

QUALITY STOCKS UNDER 5 DOLLARS said...

A great update.