MMM - 3M: Huge Risks And No Growth Why Bother?
2024-06-03 05:13:54 ET
Summary
- 3M has faced significant legal issues, including a $6 billion settlement over defective earplugs and a $10.3 billion settlement over water contamination.
- The company has completed the spin-off of its Health Care segment, leaving behind a weaker 3M.
- MMM has announced a dividend cut and is cutting costs, but its lack of investment and stagnant growth raise concerns about its future prospects.
- Despite the cards being stacked against 3M, shares are not even trading particularly cheap. The right choice here seems to steer away.
The last 12 months have been a transformational year for 3M ( MMM ), the manufacturing conglomerate that for decades has been a pillar of the dividend portfolio of investors all over the world. Once praised for its endless innovation, the company is navigating the tail end of one of the most difficult of its 122 years in existence....
3M: Huge Risks And No Growth, Why Bother?