Advertisement
New Zealand markets open in 6 hours 38 minutes
  • NZX 50

    11,864.89
    -7.75 (-0.07%)
     
  • NZD/USD

    0.6144
    -0.0027 (-0.43%)
     
  • ALL ORDS

    7,974.80
    -27.70 (-0.35%)
     
  • OIL

    78.49
    -0.13 (-0.17%)
     
  • GOLD

    2,348.40
    +30.40 (+1.31%)
     

Better Buy: 3M vs. Union Pacific

Better Buy: 3M vs. Union Pacific

Multi-industry industrial 3M (NYSE: MMM) and West Coast railroad Union Pacific (NYSE: UNP) have underperformed the S&P 500 over the last three and five years. One form of value investing argues that buying the laggard in a peer group often makes sense. The idea is the company has an opportunity to play catch-up with its peers in terms of operational metrics and, in doing so, release a significant amount of value for investors.