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Shitty place to work but stick options are good!
$181 hit. getting awfully close to the $170s
MMM down almost $3 today and we havent even begun to see a real market correction
i guess until the market stops sucking on Jerome Powell's C*ck, we wont see one bigger than 5%
see you in the $170s
it was over $200 for well over a month or two, no excuses. plenty of time for people to sell and that is what it looks like the SMART MONEY did. they left this dog above $200
Yes, I sold at the exact peak... like all IHUBbers do. Adios
cool, hope you sold some over $200
I've owned 3M for many, many years, just like all my blue chips.
Amazing how IHUBers always know where stocks are_heading, where the high will be, where the low will be... yet year after year virtually all IHUbers lag simple index funds. Most lag them by miles!
My prediction for my long held 3M: it will fluctuate, increase its dividend occasionally and likely continue rising.
MMM heading back to $165-$170 imo
3M raises_2021_EPS_guidance_to $9.70-10.10—(from_prior-range_of_$9.20-$9.70):
2Q21 PR:
https://investors.3m.com/news/news-details/2021/3M-Reports-Second-Quarter-2021-Results/default.aspx
2121 CC slides:
https://s24.q4cdn.com/834031268/files/doc_financials/quarterly/2021/2Q-2021-Earnings-Presentation.pdf
3M also raised 2021 YoY revenue-growth guidance to 7-10% (from the prior range of 5-8%).
3M wins earplug case, which ought to reduce NPV estimates of 3M’s total eventual payout for this tort:
https://finance.yahoo.com/news/3m-wins-u-trial-alleging-024414868.html
3M Co won a court case on Friday in which it was accused of covering up design defects in earplugs used by the military, following a recent loss in a similar case among nearly 230,000 claims against the company.
The Florida trial is the second to address allegations 3M hid design flaws, fudged test results and failed to instruct the military in proper use of the earplugs, which were used by the army between 2007 and 2013.
The two decisions are in "bellwether" cases, where the parties select a set of cases from the thousands that are pending to test the strength and weaknesses of the claims. The next such trial begins on June 7.
…In April, three veterans who had accused the company of covering up design defects in its earplugs were awarded $2.1 million each in punitive damages and a total of $830,500 in compensatory damages for their medical expenses, lost earnings and pain and suffering.
3M 1Q21_results—full-year-2021_guidance*_unchanged_from_3mo_ago…
1Q21 PR:
https://investors.3m.com/news/news-details/2021/3M-Reports-First-Quarter-2021-Results/default.aspx
CC slides:
https://s24.q4cdn.com/834031268/files/doc_financials/2021/q1/Q1-2021-Earnings-Presentation.pdf
*GAAP EPS $9.20-9.70; YoY sales growth 5-8%; organic YoY sales growth 3-6%.
3M tops $200 for first time since early 2019. Its all-time high was ~$259 in January 2018. Current yield is 2.95%
3M faces a second liability issue—military earplugs:
https://www.wsj.com/articles/3m-military-earplugs-blamed-for-hearing-loss-in-largest-set-of-u-s-suits-11617969601
Ditto. (MON was at one time my largest holding.)
I dodged that bullet at my long-held Monsanto. Now Bayer's problem. Their stock is down about 50% in the past few years.
https://www.barrons.com/articles/sizing-up-liability-for-pfas-chemicals-at-3m-and-others-51564653600
When 3M is able to quantify (i.e. contain) the PFAS liability, we could see a return to the old highs. This will take some time to play out, but I'm the stock for the long haul.
$191. 52-week high for MMM
3M touts “EGS” goals:
https://finance.yahoo.com/news/3m-invest-1-billion-achieve-130000315.html
MMM is a great product design company.
True, but a 3.4% yield isn't bad.
SA opinions: 3M Div Increase Was Really Puny:
https://seekingalpha.com/news/3657574-3m-hikes-dividend-1-to-1_48-per-share
3M increases dividend for 63rd(!) consecutive year:
https://finance.yahoo.com/news/3m-board-declares-increase-first-001500345.html
The new annualized payout is $5.92 (up from $5.88). At the current share price ($175.02), the new payout equates to a dividend yield of 3.4%.
Nice numbers announced. Should get sizable div increase in February.
3M 4Q20 results—2021 guidance:
https://investors.3m.com/news/news-details/2021/3M-Reports-Fourth-Quarter-and-Full-Year-2020-Results-Provides-Full-Year-2021-Guidance/default.aspx
2021 guidance:
• GAAP EPS = $9.20-9.70 (-1% to +5% vs 2020 actual GAAP EPS of $9.25; +5% to +11% vs 2020 actual non-GAAP EPS of $8.74); the 2021 range is unusually wide due to COVID-related uncertainty.
• 5-8% YoY revenue growth.
• 3-6% YoY organic revenue growth (excluding currency, acquisitions, and divestitures).
The stock is +1% in PM trading.
4Q20 CC slides:
https://s24.q4cdn.com/834031268/files/doc_financials/2020/q4/Q4-2020-Earnings-Presentation.pdf
3M due for div increase around Feb 15.
3M had a better 2020 than some people think—(Barron’s):
https://www.barrons.com/articles/3m-had-a-solid-2020-but-the-stock-doesnt-show-it-51609234200
Reasonable right up, although I have one nitpick: 3M is not a true conglomerate; rather, it’s a materials science company with a wide array of applications. 3M is run as an integrated business, not as a holding company like (for instance) GE, DHR, and Berkshire Hathaway.
Generally a really huge ibox is just another indication of a scam stock.
I tried that approach earlier today before my recent posts. In any event, it can take a while to become a mod, sometimes a day or two. Figured it was easier to ask you since you were here.
I like IHUB charts for visualizing a stock's history. Have got used to them over the years.
I picked up my 3M in 2009 but not the low. So it's one of my newer buys. LOLOL!
DD, as board mod, can you get a chart going for 3M?
If you take a somewhat longer view, MMM has been a strong performer. The share price is 4.5x the 2009 low, which is not bad for a sleep-easy stock.
MMM inching to 52 week high. It's been one of my few "dogs" for the past several years. But a reasonable div grower.
Expect a significant increase next payout (February).
3M November sales +7% YoY on organic basis:
https://www.sec.gov/Archives/edgar/data/66740/000110465920135059/tm2038405d1_ex99.htm
Total sales for November increased 8 percent year-on-year to $2.9 billion. Organic local-currency sales (which include organic volume impacts and selling price changes) increased 7 percent [YoY], while divestitures decreased sales by 1 percent. Foreign currency translation increased sales by 2 percent year-on-year.
… Through November, 3M has delivered fourth-quarter to-date total sales of $5.7 billion. Although significant macroeconomic uncertainty remains, with one month left in the quarter the company estimates its sales to be in the range of $8.2 to $8.4 billion for the fourth quarter.
What kind of engineering degree does he have?
"The engineer who services my furnace and A/C says..."
3M plans 2,900-job layoff:
https://www.sec.gov/Archives/edgar/data/66740/000110465920131814/tm2037619d1_ex99.htm
Percentagewise, this is not a huge cut insofar as 3M has almost 100,000 worldwide employees.
3M is now issuing MONTHLY sales reports, which they never did pre-COVID:
https://www.sec.gov/Archives/edgar/data/66740/000110465920124702/tm2035903d1_ex99.htm
Share buybacks will not resume until 2021 at the earliest, according to today's CC.
In 3Q20, 3M’s strongest growth among any of its product lines came from the Filtrete at-home furnace filters. As more people are working from home, they are upgrading their filters—and changing them more often.
(I use a 3M Filtrete filter with a MERV=12 rating, which is one of the highest—but not the highest—filtration rating available. The engineer who services my furnace and A/C says that a higher-rated filter would not allow the system to “breathe” sufficiently, leading to suboptimal performance and possible damage to the furnace itself.
As a result of using a high-quality filter and running the furnace fan 24/7, the house needs vacuuming must less frequently than most people probably think.)
3M 3Q20 results—COVID PPE strong—other business lines not so much:
https://www.wsj.com/articles/3m-sales-rise-from-personal-safety-home-improvement-products-11603798292
3M said sales of N95 and other masks were $235 million higher than in the same quarter a year before. The company said it has sold 1.4 billion of the masks so far this year and plans to have sold 2 billion by the end of 2020. 3M said it would be able to make 2.4 billion N95 masks annually by the end of 2020, more than triple its pre-pandemic production capacity.
… Still, other markets have remained weak, and 3M said sales were down in about half its business lines from a year earlier. Total sales through the first three quarters of this year are down 1.8% compared with the same period a year earlier.
10-30 $180 calls will at a minimum triple in the coming days
Buy buy buy
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