For 2006 calendar year, net income was $3.9 billion, or $5.06 per share, versus $3.1 billion, or $3.98 per share, in 2005. That is an increase of 24 percent and 27 percent, respectively. Everyone is hating 3M, I've been watching 3M, waiting on the sidelines and looking for the perfect entry point, now is the time.
The Market and sell-off of 3M shares moving the stock down almost 8 points in the last two days is Ludicrous, no not the rapper, but the reaction of traders and analysts. 3M Company is a world-class blue chip growth stock and if shares fall to less than $70 a share, I think it would be offering extremely attractive total return potential. 3M is Pimpin' all over the world, founded in 1902, and over the years has grown from a small sandpaper company to a global diversified technology company with companies in more than 60 countries. 3M products are sold in almost 200 countries. 3M Worldwide sales total $21.2 billion USD, with International Sales representing 61% of the company's total at $12.9 billion USD.
The reaction to this last Quarter, it's an over-reaction. Taken right from Ludacris from his Red-Light District CD "Put Your Money"
So hurry up and come get some, if you want some
You know the phrase - scared money don't make none!
$74.75 (01/31/07)
