Amidst the recent stock market volatility, one of my favorite companies went on sale and is now worth purchasing in my opinion.  The industrial giant known for Scotch Tape and Post-It Notes is a remarkably diverse and innovative company that lost less than the overall market in 2008. Since then its stock price has stayed in the black until this past July when it fell back to very attractive levels.

Since I wrote the report a few weeks ago, the stock rose five percent, but the market gained more, so the relative value is essentially unchanged despite the upward price movement.  Also, 3M had disappointing earnings that highlight some of the risks to the stock in the coming years.  Despite the headwinds, however, 3M still appears attractively valued in my opinion.

As usual, the Spotlight Stock isn't meant to be a hot tip, but an example of how we look at companies and their valuation.

Read the entire article here.