So we have finally arrived!
One of the biggest problems that has weighed on $MMM-0.5% stock is finally over. 3M has finally agreed to pay $6.01 billion to settle nearly 260,000 lawsuits by current and former U.S. military service members who claim they suffered hearing loss while using the company's earplugs.
3M
MMMMarket Cap
78B
P/E
18.14
Div. Yield
1.97%
EV
86B
P/S
3.19
Payout
35.38%
The money will be paid mostly over the next five years, said a person familiar with the deal. Some analysts' estimates of the company's potential liability from the earplug lawsuit were as high as $10 billion, so this is very positive news.
Great!
And I sold them yesterday 😁 with no loss and a mini profit no.
Great, more information like that. It's made it possible for me to shop this company at great prices. I hope others were able to make it too :)
This is finally good news, I've been watching for longer to see how they resolve this dispute.
So is today another good day for 3M shareholders?