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By Erik Kobayashi-Solomon | 01-21-2009 02:31 PM

Investors' Options on a Wide-Moat Pick

We follow up on our recent 3M put-selling recommendation after the stock fell below the strike price.

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Erik Kobayashi-Solomon: Hi, I'm Erik Kobayashi-Solomon, co-editor of OptionInvestor from Morningstar. I am here with Adam Fleck, senior equity analyst on the industrials team at Morningstar.

Adam, as you know, back in November, I recommended to our readers to sell puts on 3M MMM, struck at $55 a share, giving them a buy price of less than $50 a share. Yesterday, on inauguration day, the price actually slipped below our strike price. So, I just wanted to talk to you a little bit about kind of sources of uncertainty at 3M.

Adam Fleck: Sure

Erik Kobayashi-Solomon: So, one of the things that I had mentioned in the original writeup was the optical films business and the electronics business. Can you give a little more color on those businesses?

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