VMC - CashFlow Hunter On Pair Trading 3M And Iris Energy

2024-03-28 13:15:00 ET

Summary

• 3M is spinning off its healthcare division, Solventum, but faces challenges due to looming liabilities and lack of organic revenue growth.
• New York Community Bank is an interesting long opportunity, while M&T Bank is a potential short.
• Bitcoin miner Iris Energy has struggled due to poor capital structure decisions by management.

Listen here or on the go via Apple and Spotify .

CashFlow Hunter on 3M's challenges and healthcare spin-off (2:20). Why New York Community Bank is an extremely interesting long (16:30). Bitcoin miner Iris Energy - management has done a horrendous job (32:30). Another interesting pair trade (35:50).

Subscribe to CashFlow Hunter's Catalyst Hedge Investing

Transcript

Rena Sherbill: CashFlow Hunter. Always great to have you on the show. Welcome back. Thanks for making the time.

CashFlow Hunter: Thanks for having me. Always great to be back.

RS : Likewise. Likewise. Always great to have you on. So I feel like a good place to start. You've been on a few times before talking some banks, talking some 3M ( MMM ), talking some other names and general market things. But I feel like a good place to start is generally how you're looking and thinking about things in general.

And then I think we can start with some names that you've talked about previously .

CH : Sure. So, I'd say most assets are priced for pretty good things happening, whether it's credit markets or equity markets. Credit spreads are at pretty good tights, high yields. Credit spreads are at pretty good tights, and equity markets are at pretty high valuations....

For further details see: