Monday, October 1, 2012

Investopedia: 3M Takes On A Little Risk For A Potentially Great Deal

Although I've owned 3M (NYSE:MMM) for years and have great respect for the company's consistently excellent returns, I nevertheless was not too impressed with the acquisitions announced under former CEO Buckley's tenure. By and large, I thought the company was too cautious and too focused on uninspiring tuck-in deals. It looks, though, like current CEO Thulin is much more willing to push the envelope, and the company's acquisition of Ceradyne (Nasdaq:CRDN) looks like the sort of deal that could quietly pay off very well in the years to come.

Please read more here:
http://www.investopedia.com/stock-analysis/2012/3M-Takes-On-A-Little-Risk-For-A-Potentially-Great-Deal-MMM-CRDN-AVY1001.aspx

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