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I wrote an article about it yesterday and today 1/2 of the problems are solved and $MMM+0.7% stock is up less than 5% so far. I like it that way! 😄

3M has committed to pay up to $10.3 billion over the next 13 years to support PFAS remediation for public water suppliers (PWS) in the US. Now all we have to do is sort out the earplugs and we're done. As I wrote yesterday, the stock is being held down by the uncertainty over the amount. Today basically confirmed my scenario that the amount that is +- expected will be quantified and the stock will rebound.

MMM

3M

MMM
$98.20 $0.64 +0.66%
Capital Structure
Market Cap
54.0B
Enterpr. Val.
65.2B
Valuation
P/E
-7.7
P/S
1.7
Dividends
Yield
5.3%
Payout
-47.1%

Well, that's great news, and I'm glad to hear it. However, as Marek writes, earplugs will probably be a bigger problem.

Well, that's great news, and I'm glad to hear it. However, as Marek writes, earplugs will probably be a bigger problem.

Nothing again 😂

I guess earplugs are still a bit of a pain. We may be where we were, but I'm glad to hear that. The amount is manageable.

I agree, the earplugs point about the bigger issue. However, I trust the company and hope they get it right.

Great news for investors, plus the 10bn will be spread over 13 years, so the burden is kind of minimal seeing the numbers they generate annually.

I also like the fact that the amount is not just for the damage caused, but also for the possible prevention of further problems and damage.

So the load is not "minimal" when last year 3M earned 5.7 billion and now has to pay 0.7 billion (about 12%) regularly, which is money that investors will irretrievably lose. It must also be taken into account that they need to increase sales, i.e. come up with a new product portfolio and this requires about 2 billion a year for research.

So the load is not "minimal" when last year 3M earned 5.7 billion and now has to pay 0.7 billion (about 12%) regularly, which is money that investors will irretrievably lose. They also have to take into account that they need to increase sales, i.e. come up with a new product portfolio and this requires about 2 billion a year for research (6% of turnover) and unfortunately no one has yet written to me what products they are bringing to the market or how they will streamline their business to get back their original margins and earn a better valuation.

One would have expected more of a drop after having to pay $10 billion, but I guess it's really in the share price here.

Uncertainty is a killer, and when you don't know what amount to count on, it's hard to estimate how far it can fall. In the final analysis, though, I believe the market has pulled them down a lot more, and once the compensation on the plugs is determined, hopefully things will stabilize.