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3M
Posted on 4/25/23 at 8:58 am
Posted on 4/25/23 at 8:58 am
3M is laying 6k off today, sales down 9% YTD, stock down almost 50% over last 5 years, pending lawsuits over hearing protection with the US Military.
Are these guys in serious trouble here or is this a massive opportunity to buy low?
Are these guys in serious trouble here or is this a massive opportunity to buy low?
3
Posted on 4/25/23 at 9:16 am to Pauvetibete
I'm not following the stock closely, and haven't done any research or analysis, but here are some ratings from the following banks: Barclays - Sell, RBC - Sell, Wells Fargo - Hold, Mizuho - Hold, Bank of America - Sell, Morgan Stanley - Underweight (Sell), JP Morgan - Hold, Citigroup - Hold.
Combined that equates to a 'Moderate Sell'.
I couldn't find one analyst from a major bank or investment firm that was bullish on 3M right now.
That doesn't necessarily mean it's not worth considering, especially with a long term horizon, but I thought I'd help add some color here.
Combined that equates to a 'Moderate Sell'.
I couldn't find one analyst from a major bank or investment firm that was bullish on 3M right now.
That doesn't necessarily mean it's not worth considering, especially with a long term horizon, but I thought I'd help add some color here.
This post was edited on 4/25/23 at 9:17 am
Posted on 4/25/23 at 9:54 am to skewbs
Absolutely agree with you, but I would have never thought a company as large as 3M would find itself in the position it's in today.
Posted on 4/25/23 at 11:05 am to skewbs
quote:
I couldn't find one analyst from a major bank or investment firm that was bullish on 3M right now.
Which means the time to buy will be very soon. They are wanting to drive the price down.
Posted on 4/25/23 at 12:12 pm to boogiewoogie1978
bought a few shares just off its lows. Anything close to 100 or below it will be a deal when you look back in a few years.
Posted on 4/25/23 at 1:03 pm to FLObserver
Forward Dividend & Yield 6.00 (5.71%)
Posted on 4/25/23 at 1:42 pm to Zilla
Explain it like I'm a walking idiot, which I am. What does this even mean? Good/Bad?
Posted on 4/25/23 at 2:41 pm to Pauvetibete
quote:It sounds like based on the price of the current dividend, MMM is paying shareholders $6 annually or 1.50 per quarter.
Explain it like I'm a walking idiot, which I am. What does this even mean? Good/Bad?
If that equates to a dividend yield that is just under 6% then I then the current share price must be just above $100.
If MMM was trading at $100 and paid out a $6 annual dividend then the yield would be 6%
If MMM recovered to $150/share without raising the divident then the yield percentace would be 4%
So, it's really a bad thing that the dividend is currently so high. It just means that the share price is has been beaten to hell. A decent and safe dividend is more like 3-4%
If MMM were to continue it's decline you can bet on them reducing the dividend payment. See At&t (T).
This post was edited on 4/25/23 at 2:44 pm
Posted on 4/25/23 at 8:41 pm to Pauvetibete
3M is a great American that has some trouble right now. It has a huge number of patents and is the market leader in most market categories they produce products for.
I like to watch companies like this. When I get the sense the bad news is over I start buying.
I have it on my watch list.
I like to watch companies like this. When I get the sense the bad news is over I start buying.
I have it on my watch list.
Posted on 10/3/23 at 2:07 pm to Pauvetibete
5 months later, I hope most of you dodged the same bullet I did.
Where does 3M end up now?
Where does 3M end up now?
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