3M (MMM) is one of my longest-held positions and one of the most confounding. I love the company's strong brands and excellent tradition of innovative R&D, but I have often found the company's M&A priorities to be both exasperating and confusing. And while the company has a remarkable record of steady performance, it seems to always be a relatively unloved name for Wall Street analysts. Nevertheless, with the company's sizable exposure to early-cycle markets and China in particular, I believe this company should be a leader if global growth resumes and a steady survivor if the malaise continues.
Please click here to read the full article:
3M Can Lead The Way From Here