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Politics : Ask Michael Burke

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To: S. maltophilia who wrote (124888)	10/28/2010 12:25:28 PM
From: Knighty Tin	Read Replies (3) of 132070

It is time to buy MMM if you don't already own it. One of America's most innovative and financially solid companies, MMM is down today due to not hyping future projections. The PE ratio is not cheap, but it rarely is for the world's best cos. The dividend yield is a bit less than the ten year Treasury note's interest rate, but I am projecting that in 10 years, you will have been paid much more in dividends that you will be paid on current 10 year notes. In other words, this is a company that qualifies for both my dividend capture portfolio (which includes writing at or in the money call options on first class cos. with nice yields, thus increasing the net yield) and my dividend growth portfolio. Very few cos. qualify for this double dip. I will post my option picks as soon as I get execution.

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