What Did You Buy Today?

[Otter]

(04-25-2019, 08:56 AM)stockguru Wrote: How can MMM get it so wrong??

I've got it on my watch list, and am interested if it dips under $170. Has been overvalued for a long time. It is an industrial that has been growing earnings at an average annual rate of 7.3% for the past decade, but sporting a mid-20s P/E for about the past five years. Reversion to mean is likely in the cards, and when that happens, there are often temporary swings well below the average.