You may have noticed that the $MMM-0.9% results were satisfactory, we saw more than the 5% jump I was hoping for. In the end, even I, originally a fan of 3M, sold my entire position. Litigation creates a lot of uncertainty and this was an opportunity for me to sell at a profit and accumulate more cash.
SP500 is slowly at 4600 points, so maybe that cash will come in handy. 😉
3M
MMMCapital Structure
Market Cap
56.5B
Enterpr. Val.
67.7B
Valuation
P/E
-8.0
P/S
1.7
How are you guys handling today's move? Are you also selling or holding on?
I am still holding $MMM-0.9% stock and waiting to see what happens next and I have faith that the lawsuits will be resolved and the stock will rise even more. However, I will definitely not be buying MMM stock anymore.
I don't have a position just because of the lawsuits, but if the price gets more tempting over time, I'd jump in.
I'm still holding, I'm waiting for the earplug case to be resolved. I may be up a few percent, but that's still not good enough. I see MMM at the higher levels after the cases are resolved.
I sold off 40% and I'm keeping the rest