3M: A 7%-Yielding, 30% Undervalued Dumpster Fire

Summary:

  • 3M Company’s stock is trading significantly below its all-time high, down 22% year-to-date.
  • The company recently settled a historic $6 billion lawsuit related to “forever chemicals” and faces thousands of other lawsuits.
  • 3M has outlined a three-pillar strategy, including a healthcare spin-off and risk reduction initiatives, to potentially turn the company around.

Träne fallen auf Gesicht auf US-dollar-Schein, Nahaufnahme

burakpekakcan/E+ via Getty Images

Introduction

It’s time to talk about the 3M Company (NYSE:MMM), the second-biggest disappointment from Minnesota after the 0-3 Vikings.

Excluding dividends, 3M shares are trading more than 60% below their all-time high. They are down 22% year-to-date and less than


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Test Drive iREIT© on Alpha For FREE (for 2 Weeks)

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial.

And this offer includes a 2-Week FREE TRIAL plus Brad Thomas’ FREE book.

Leave a Reply

Your email address will not be published. Required fields are marked *