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More on 3M (MMM) Q3 earnings: "Reflecting current economic realities," the company lowers FY2012...

More on 3M (MMM) Q3 earnings: "Reflecting current economic realities," the company lowers FY2012 guidance, expecting EPS of $6.27-$6.35 vs. a previous view of $6.35-$6.50 (though $0.03 of that is acquisition-related cost). Shares -2.7% premarket. (PR)
Comments (5)
  • Sal Marvasti
    , contributor
    Comments (1364) | Send Message
     
    more warnings. Seems the government prints money only the banks profit.
    http://seekingalpha.co...
    23 Oct 2012, 11:29 AM Reply Like
  • Risk Adverse
    , contributor
    Comments (14) | Send Message
     
    I'm looking for more continued downside to 3M.
    23 Oct 2012, 01:00 PM Reply Like
  • teejii
    , contributor
    Comments (57) | Send Message
     
    Looking to buy somewhat nearer to $85, perhaps a prolonged market decline might offer just that before the elections. If not, well... can't win em all. Quality costs.
    23 Oct 2012, 01:42 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Chart is quite bearish - look to test low 80s from technical side. 3M is overvalued - Graham number/price 30-40% of trading price.
    23 Oct 2012, 03:33 PM Reply Like
  • Risk Adverse
    , contributor
    Comments (14) | Send Message
     
    I agree... the election will present some interesting opportunities along the way.
    23 Oct 2012, 05:29 PM Reply Like
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