So timing the market is impossible but I was going through one of my old watch lists from years ago and saw 3m.
Couple of things they owe lots of expensive debt and money, 3m as a company isn’t going anywhere but the question is will it recover to the $200 price range in the next decade. Very much reminds of me of intel, cisco and ibm, Texas Instruments.
Right now it gives 1.50 dividend per quarter which is pretty high for the type of stock it is, expecting a cut.
Couple of other things 9B in debt at 2027, there also the chemical law suit 10b and the ear plugs one 6b so potentially will the stock drop lower to the 50 range.
The company is an industry gaint, I have a feeling the activist investors might take interest soon, similar to crm which back fired my short position.
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