10% EPS growth ex-items, why exactly is a 11 PE so low for this?
and the guidance isn't that good either. everybody is reporting good earnings growth this quarter, but the guidance is usually pretty bad. reminds me of the fall of 2000.
stocks are looking to be priced for 2009 and possibly 2010 earnings now. 2008 is OK with the 4th quarter will probably be not too good. 2009 isn't looking so well and 2010 is hope and dreams right now.
most times unemployment lags a recovery and will increase into a recovering economy so 3M will probably not grow until well into the next recovery and will probably be cheaper in a year. actually it wouldn't surprise me if you can buy it under $50 in a week or three
Office & Consumer is about 14% of 3M's sales.For 2010 and later it will depend on the economy but with rising unemployment, cost cutting and bankrupticies i don't see 3M selling a lot of Post-It Notes
They have $6B in debt. $4B is long-term. Current assets > current iabilities by about $3.5B. Sitting on $2B in cash. Earns about $4B per year. Leverage and CP is not an issue for them.whatever they sell their guidance is that sales growth will slow and they may decide to deleverage from relying so much on the CP market which will slow growth even more.