I have been building out an ira portfolio and adding strong dividend yield stocks with modest to solid upside. I schd and add to it incrementally but I also put some money into individual positions. I am looking at adding 3M. It has a nearly 5% yield and a pretty modest 10P/E. They bring in roughly $35B a year and have a $65B market cap. Earnings historically look pretty strong. But what spooks me is the stock performance since 2018. It looks undervalued to me but clearly the market feels otherwise.
Anyone else watching 3M, own it, or avoid it?
Leave a Reply