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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Jurgis Bekepuris who wrote (31613)12/2/2008 4:05:12 PM
From: Paul Senior  Read Replies (2) | Respond to of 78632
 
Upping my MMM position just a little now.

Reasonable p/e and div yield for 3M in a recession.

Of course, what's wanted is an unreasonable p/e (a VERY low p/e) if we're into a bad recession. 3M could drop back to lows or below them. Company strengths ought to enable it to survive though.