3M shares are up more than 16% this year -

Community

· Jul 16

3M shares are up more than 16% this year -.

Recently, this company has been facing many lawsuits and many indictments and because of that, $MMM stock is also down so much. A lot of people who bought $MMMstock obviously don't like these lawsuits and the falling stock, so they are thinking whether to sell 3M stock or still hold it.

I still hold 3M stock and I keep buying more every month. I don't like the lawsuits and I know it's some risk to the company. However, I trust the company and hope that the lawsuits and indictments will be resolved and the company will continue to operate normally, albeit with some losses.

How do you view the current situation surrounding this company and are you selling or holding 3M stock?

A community member's personal view, not investment advice. Community Guidelines

Monday Dayton @mondaydayton Jul 16

I'm watching them from afar. I found out about them here, as initially by all they do it looked good, but unfortunately those problems. I understand the popularity of those who hold them, but there are too many lawsuits and quite serious ones for me, what I've read has confirmed quite a lot of how it has affected health. There might be some of those expenses factored in, I might not see that as a bad thing, but especially what about reputation, I'd be more worried about a drop in orders.

Bill Combs @billcombs Jul 17

Yeah, I get it, and I feel the same way. If I didn't already own 3M stock I probably wouldn't be buying it now, but I do own 3M stock so I'm trying to see it positively😁.

Willard Spencer @willardspencer Jul 16

3M are classics and what's going on around them is already included, so I wouldn't worry and if you're comfortable with the company, feel free to add on :)

Bill Combs @billcombs Jul 16

Also, I think it's worked its way into the price.

Darius Moore @dariusmoore Jul 16

I don't see it that black. 🤷‍♂️ I'm holding on and we'll see where it goes. 😊

Bill Combs @billcombs Jul 16

Exactly, I see it the same way.

Yorick Ericson @yorickericson Jul 16

It amazes me that all that is constantly discussed here is lawsuits, but no one is concerned about their economic results and for some reason believes in a turnaround;)

Bill Combs @billcombs Jul 16

I don't know exactly what items from the financial statements you are referring to, but it is possible that it is connected and related to the indictments, the lawsuits and the company just having to pay various fines and thus having to incur more debt. But as I write, I don't know exactly what you are referring to.

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