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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7634

Tuesday, 12/24/2013 2:53:46 PM

Tuesday, December 24, 2013 2:53:46 PM

Post# of 30493
This sentence from Morningstar’s report shows why 3M is not a true conglomerate (as previously noted in #msg-93382782):

http://finance.yahoo.com/news/3m-maintain-industry-leading-profitability-120000655.html

While 3M sells thousands of products to disparate end markets, the firm cites only a few dozen technological pillars that support its wide array of offerings.

All of these “technological pillars” are related to materials science, 3M’s core expertise.

The rest of the Morningstar piece on 3M contains no new info and need not be read.

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

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