MMM: The Beauty of Boring

3M (MMM) is a homely company. There is nothing sexy about scotch tape or Post-It notes — or Ace bandages or Scotch Bright for that matter. We’re talking about adhesives and cleaning supplies, for crying out loud. No matter how hard you try, there is no way to make these items anything other than boring. And as an investor, I’m OK with that.

3M will never double your money in a year, and you’re certainly not going to get rich quick owning it. But it’s one of those stable, consistent holdings that will quietly chug along, throwing off dividends, and never give you trouble. If bought at a decent price, it’s also a stock that would be difficult to lose money owning over any reasonable time horizon. And at 15 times expected earnings, I would say its pricing is quite fair.

Source: InvestorPlace

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