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Company: 3M Company (MMM)
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66 votes

  3M Acquisitions expected to dilute EPS for 2010-2011

3M lowered its forecast for the full fiscal year 2010, expecting dilution effects from its frenzy of acquisitions. It may take years before 3M's acquisitions are accretive to the company's stock price.

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10 votes

  3M target of environmentalist resistance and lawsuits

In the past few years, 3M has been the target of multiple lawsuits alleging pollution from its incinerators and manufacturing plants.

In Cottage Grove, Minnesota, the company wans to burn materials from non-3M sources in its 38-year-old incinerator. 3M has met resistance from local residents, catching the attention of the state Pollution Control Agency and the creation of a local city Cottage Grove Environmental Task Force.

In 2004, traces of PFCs (perfluorochemicals) were found in drinking water in Oakdale and Lake Elmo, Minnesota, and then identified in the drinking water of about 67,000 people. The PFSc had leaked from various dumpsites. After a 4-year lawsuit, a judge ruled that the traces in water were too small to harm any property values or public health.

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31%
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16 votes

  A strengthening US dollar will cut into profits by reducing foreign sales

With the weakening US economy, 3M has been relying on foreign sales for growth. But as the US dollar appreciates, coupled with a global economic slowdown, the attractiveness of 3M's goods abroad will decline.

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