3M Company (NYSE:MMM)
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More than just Post-it Notes and Scotch tape, 3M operates in areas that include health care, industrial, and transportation.
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More than just Post-it Notes and Scotch tape, 3M operates in areas that include health care, industrial, and transportation.
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http://www.fool.com/investing/general/2011/12/31/why-did-3m-fall-in-2011.aspx
32% of 3M's sales in 2011 came from products that were introduced in the past five years, and management aims for new inventions to provide 40% of revenues in the long term. CFO Dave Meline says 3M's business model is based on innovation, and I believe in that.
That's why 3M is a stock you could happily hold for the next 10 years or more.