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DewDiligence

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DewDiligence

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Re: DewDiligence post# 10409

Wednesday, 08/26/2015 9:45:16 AM

Wednesday, August 26, 2015 9:45:16 AM

Post# of 29297
3M adjusts 2015 EPS guidance to account for recent acquisitions:

http://www.sec.gov/Archives/edgar/data/66740/000110465915061821/a15-18523_1ex99d1.htm

3M now expects full-year 2015 GAAP earnings per share to be in the range of $7.73 to $7.93 versus its previous guidance of $7.80 to $8.00. The $0.07 per share adjustment will largely be incurred in the third quarter.

3M is one of the multinational firms with substantial EM exposure that has gotten considerably cheaper during the recent sell-off. It’s now close to being a compelling but, IMO.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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