Investors who prize 3M's (NYSE:MMM)
ability to muddle through the tough times a little better than most had
to be a little disappointed with the company's first quarter results.
Not only did the company miss on the top line, but the company's
reported and incremental margins were soft. Although 3M continues to
look like a solid long-term core industrial holding, the company is
going to need to deliver better results if there's an argument to be
made for paying a premium for the shares.
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http://www.investopedia.com/stock-analysis/042513/3m-ends-same-industrial-tar-pit-everybody-else-mmm-hon-dd-itw-dov-glw-dhr.aspx
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