For decades, 3M (NYSE: MMM) was one of the shining examples of innovation in corporate America. The company built a juggernaut based on everything from sandpaper to Post-It Notes to thin films potentially used in the electronic device you're reading this on today.
But over the last two decades, the company has lost that title as an innovation machine. It seems to be focused more on efficiency than on creating new products and growth, which has slowed earnings. Growth is almost non-existent, and 3M is now selling off non-core assets. That has had a detrimental effect on the stock's performance.
So is this new 3M still a buy, or are the stock's best days behind it?
Source Fool.com