3M shares are up more than 16% this year -.
Recently, this company has been facing many lawsuits and many indictments and because of that, $MMM-0.9% stock is also down so much. A lot of people who bought $MMM-0.9%stock obviously don't like these lawsuits and the falling stock, so they are thinking whether to sell 3M stock or still hold it.
I still hold 3M stock and I keep buying more every month. I don't like the lawsuits and I know it's some risk to the company. However, I trust the company and hope that the lawsuits and indictments will be resolved and the company will continue to operate normally, albeit with some losses.
How do you view the current situation surrounding this company and are you selling or holding 3M stock?
I'm watching them from afar. I found out about them here, as initially by all they do it looked good, but unfortunately those problems. I understand the popularity of those who hold them, but there are too many lawsuits and quite serious ones for me, what I've read has confirmed quite a lot of how it has affected health. There might be some of those expenses factored in, I might not see that as a bad thing, but especially what about reputation, I'd be more worried about a drop in orders.
3M are classics and what's going on around them is already included, so I wouldn't worry and if you're comfortable with the company, feel free to add on :)
I don't see it that black. 🤷♂️ I'm holding on and we'll see where it goes. 😊
It amazes me that all that is constantly discussed here is lawsuits, but no one is concerned about their economic results and for some reason believes in a turnaround;)