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

To: Paul Senior who wrote (32925)	12/8/2008 5:36:45 PM
From: Jurgis Bekepuris	Respond to of 78632

MMM is a conservative investment here. Not a 3X expectation. I have a small position and I won't increase it unless it tanks. Here is a good example where the earnings yield of a great business is still at ~8.5%, which is not that exciting when the earnings may drop and some good bonds trade at much more attractive yields. ;) Stocks I am buying for 3X goals have earnings yields in 15-30% levels. But they are not safe as MMM. ;)