3M market cap trimmed by $7.76B today or $33,730 for each earplug lawsuit. With the PFOA lawsuits just ramping up it could be a long road for MMM. So much for Teflon being synonymous with untouchable. As I mentioned, I'm out of MMM as of last Friday. Unfortunate, this has been one of my favorite income investments.
The end only comes once, that's why bears almost always lose money.