Thursday, October 13, 2016

3M Company Stock Buy Backs: A Good Thing?

At the time of its second-quarter results, 3M Company announced that the company had made $2.1 billion worth of share repurchases in the first half of 2016, with a total of $4 billion to $6 billion planned for the full year. In addition, at 3M Company's investor-day presentation in March management announced plans to boost EPS by making stock buybacks in the 2016-2020 period. Frankly, I don't think this is a positive development for the stock, and here's why.

READ THE FULL EQUITY RESEARCH ARTICLE LINKED