They've been battered around a lot lately as earnings have dropped. Their battle with Fuji has been a big bone of contention between the US and Japanese governments over accusations of unfair trade practices by Fuji. They have been forming alliances with retailers and installing kiosks to put their film out in front of customers. They are involved in oil, natural gas, petrochemicals, and coal mining. Their share price has gone up a lot but is now bouncing around.
Analysts rate the company mostly a hold.
Share price has been flat in '97 and down recently because the company issued a fourth quarter earnings warning based on conditions in Brazil and Asia, and the strength of the dollar. MMM is rated mostly a hold by analysts, with some buy and one strong sell. They make and distribute paper, boxes, office supplies, chemicals, fabric, and film. They are also in the oil and gas business. IP is trying to expand overseas through acquisition and by entering into joint operations with foreign companies.