Cue the $100 Roll
3M Co. (MMM) has been an incredible investment this year, increasing 30% while paying out a 2.5% annual dividend yield. The Post-It Note King could finally surpass the $100 share price before the end of the year.
Barron's put out a piece today titled 3M Can Post Further Gains. Thanks to today's news that 3M is going to pickup Ceradyne (CRDN) for about $860 million the company will be able to post further gains. Ceradyne means 3M will rake in more revenue in a number of industries, from energy to defense and transportation.
3M sports a P/E of 15 and its shares have been on a steady incline since summer. With the market trading sideways for the foreseeable future 3M looks attractive for a slow climb while paying out a dividend. Ceradyne could finally put 3M over the $100 price level.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- There Goes The Shopping Spree: Nor'easter May Hit East Coast For Thanksgiving | ZeroHedge
- This Is How Russia Does The (Dry) Ice Bucket Challenge | ZeroHedge
- Fear Of "Surge In Debt Defaults, Business Failures And Job Losses" Means Many More Chinese Rate Cuts | ZeroHedge
- Guest Post: Why Monetizing Debt Could End In Revolutions | ZeroHedge
- China Manufacturing PMI and Output Back in Contraction | Financial Sense
- STTG Market Recap November 20, 2014 | FundMyMutualFund
- The Mystery Of America's "Schrodinger" Middle Class, Which Is Either Thriving Or About To Go Extinct | ZeroHedge
The most relevant financial news and articles from the Internets
- Supply Chain Management: The Next Big Thing? | BusinessWeek
- Here's The 1 Question You Should Ask In Every Job Interview | Business Insider
- Bill Belichick Benches Player Who Just Had The Game Of His Life For Showing Up Late To Practice... | Business Insider
- 30 Uplifting Photos Of Entrepreneurs In The Developing... | Business Insider
- Iraq Is So Corrupt That Government Weapons Are Reportedly Being Sold To... | Business Insider
- 'The Hunger Games: Mockingjay - Part I' Has The Biggest... | Business Insider
- Russia Is Overstating The Funds At Its... | Business Insider