InvestorsHub Logo
Followers 8
Posts 302
Boards Moderated 0
Alias Born 08/26/2011

Re: Top Penny post# 44432

Monday, 12/12/2011 8:30:01 PM

Monday, December 12, 2011 8:30:01 PM

Post# of 113928
Completely agree with you and thank you for your knowledge on this topic. I'm currently reading a book by Peter Lynch, manager of fidelity or years, and he says companies go downhill due to trying to engage in sectors that they don't belong in. Gillette was his main example on how after shaving products reached new heights they explored diapers, clothing, toothbrushes, and other products that lead to it declining greatly. Since then, Gillette has brought its focus to what customers have liked the most which is shaving products. I see 3M making a run into a sector that they are unfamiliar with. Maybe they will acquire a product or company, whether MMTC or not, but those are risky waters for 3M. Love hearing updates from everyone. It's tough to say how great of a company this is since it hasn't proved itself YET, but can't wait for upcoming months! Best of luck to all!