Replies to post #6557 on The Rising Influence of Rising Affluence

[DewDiligence]

LOL re ML’s 3M action. Why did they wait until the shares were trading at an all-time high?

[DewDiligence]

3M’s 2013 and long-term guidance…

http://www.sec.gov/Archives/edgar/data/66740/000110465912083422/a12-29202_1ex99.htm (from 12/12/12; reaffirmed in 4Q12 results on 1/28/13):


2013 guidance

• Non-GAAP EPS of $6.70-6.95 (which represents 6-10% growth vs 2012’s non-GAAP EPS of $6.32).

• Organic revenue* growth of 2-5%.

• >35% of sales in emerging markets.


Long-term (2014-2017) guidance

• Non-GAAP EPS growth of 9-11%.

• Organic revenue* growth of 4-6%.

• 40-45% of sales in emerging markets.


*Revenue growth excluding acquisitions, divestitures, and exchange rates.