3m Scotch Brite
3M is a Staple in Homes and Offices, and Should Be a Staple in Your Portfolio
If you can invest in a company that has surreptitiously made its way into every corner of your life, I’d say that’s a great buy. 3M (NYSE: MMM ) is one such company. With a hundred-year history behind it, it’s also the kind of investment you can jam into your portfolio and forget about.
Don’t believe me? Take a walk around your house and I’ll bet you find at least a few of the following products that have enriched MMM stock holders:
3M branded glue sticks, CD-ROMs, Post-It Notes, Scotch Cassette Deck Head Cleaner, Nexcare band aids, Scotch tape, Oxy Carpet Cleaner, O-Cel-O Sponge cloth, Scotch-Brite pads, Scotch micro-fiber cleaning cloth Scotchgard on the couch…you get the idea.
These are what we call consumer staples and the worldwide reach of 3M and its staples has, and always will, keep it profitable. I haven’t even discussed the products you probably don’t know about in health care, transportation, displays, communications, and industrial supplies. The breadth of its product offerings make 3M a leader in many fields.
Financially, the company remains a powerhouse, even during the recession. Analysts are looking for 8% earnings growth this year, 12.5% next year, and 12% annually over the next five. And this year’s growth is expected to come on top of 12% revenue growth. That’s astonishing, and shows the power of dealing in a sector of products that consumers constantly need to buy. Amazingly, it trades at almost the same P/E multiple of 15 that Johnson & Johnson (NYSE: JNJ ) does, yet is growing faster.
But just because a company is venerable and growing earnings doesn’t tell the whole story. I always look to free cash flow and debt to make sure the company is generating those all-important greenbacks for shareholders. What’s this for MMM? $4 billion in free cash flow each of the past two years, $3 billion the year before, and $3.6 billion in the last 12 months.
The company also sits on $4.4 billion in cash and has $4.1 billion in long term debt. Debt service is a tiny $200 million per year. Think about how extraordinary this is. The company is literally rolling in billions of dollars of cash — much of it borrowed at a 5% blended rate — and then produces billions more each year. Incredible.
With such cheap debt, the company can just keep plowing that cash into new products, expansion, and anything else it wants. Kind of a bummer shareholders only see a 2.4% dividend, but they shouldn’t complain. The company has returned 45 times it’s initial price back in 1902.
3m Scotch Brite - News

3M India is a subsidiary of the global conglomerate that's well known for things like Post-it Scotch-Brite and Scotch Tape. In an interview with CNBC-TV18's Shereen Bhan, Ajay Nanavati, 3M India said the company has a lot of focus now on the India
DELHI -- 3M India Ltd. plans to increase its product prices by 2%-3% to offset higher raw-material costs and is targeting a fourfold jump in revenue over the next four years, the managing director of the supplier of Post-it notes and Scotch-Brite
O-Cel-O Sponge cloth, Scotch-Brite pads, Scotch micro-fiber cleaning cloth Scotchgard on the couch…you get the idea. These are what we call consumer staples and the worldwide reach of 3M and its staples has, and always will, keep it profitable.
The very popular Scotch Brite is actually an industrial scrubber 3M modified for cleansing utensils. To expand its business lines, 3M encourages its employees to just observe their daily lives, and how problems can be solved by technology.
3M is known globally recognized for its innovations, together with some of its well-known brands such as Nexcare, Post-it, Scotch, Scotch-Brite, and Scotchgard being the market leaders. We believe that continued capital expenditure with new product
Dishwashing 3M Scotch-Brite Resc
3M Scotch-Brite Bristle Disc 3" Diameter 8000 Grit Lt Green (Pack of 6) with Adapters 4561 & 4562:
3M Scotch-Brite Bristle Disc 2" Diameter 120 GT White (Pack of 6) with Adapters 4561 & 4562:
Dishwashing 3M Scotch-Brite Res
Sponges 3M Scotch-Brite Easy Erasi 3m Scotch Brite - Bookshelf
The National JobBank 2005
The Industrial and Consumer Sector includes a variety of products under the brand names 3M. Scotch, Post-it, Scotch-Brite. and Scotchgard. ...The Complete Wooden Runabout Restoration Guide
Recent or built-up coats of varnish can be prepared with a 3M Scotch- Brite pad, available at most auto-body supply stores (#07447 is equivalent to 180-grit ...How to Restore Your Wooden Runabout
Recent or built-up coats of varnish can be prepared with a 3M Scotch- Brite pad, available at most auto-body supply stores (#07447 is equivalent to 180-grit ...Pure Silver Metal Clay Beads
Generally, I use a flex-shaft machine (or other type of rotary tool) and 3M's Scotch-Brite Radial Bristle Discs, in a range of grits, to correct any ...Paint & body handbook
Scotch Brite®Pad — Relatively new to the industry is 3M's Scotch Brite1" pad and similar products manufactured under other brand names. Scotch Brite® pads ...News Article Directory
3M US: Scotch-Brite Home Cleaning Products - Bedroom ...
Products; Feature; Content
3M Company
Diversified technology company with businesses in consumer and office products, displays and graphics, electronics and telecommunications, healthcare, and various other industries.
3M US: Brite Ideas Newsletter - Sign up & Receive Offers ...
Feature1; Sign up for the Brite Ideas home cleaning newsletter and get great tips, special offers, and free samples of Scotch-Brite home cleaning products; WTB; ...
3M United States: Industrial Abrasives, grind, blend, polish ...
3M can help, from rough grinding to precision finishing, with its full line of quality ... Scotch-Brite™ Surface Conditioning products quickly and efficiently ...
Scotch-Brite: Bodyshop Solutions Catalogue: 3M Europe (English)
Scotch-Brite™ Hand Pads. Compare. Scotch-Brite™ Rolls. Compare. Scotch-Brite™ Abrasive Disc ... You can compare the characteristics of up to three 3M products. ...