MMM Too rich for my blood, I feel poor just looking at the quote. Hopefully it is in one of my index funds. I doubled up on MMM in the fall in the low 190s. It is not a cheap stock, especially with China, automotive exposure, slowing global growth, etc. However, my buys have an expected 10-20 year horizon, and I feel MMM should do well long-term (but who ever knows?). At its current price, it would not be on my buy list--but with a 5-year divi growth of 11% (6-year is 14%), I expect I'll be happy long-term. Regardless, always pleased to get a raise exceeding inflation by about 4%.
P.S. Thanks, Steve, for letting me have a turn. I do tend to post increases only for stocks I own.
P.P.S. Steve, looked at your list. I have been watching WHR for a couple years. When you figure it out, let me know (because I can't), and I'll buy some. :-)) |
