California and other states are moving to block 3M's $10.3 billion-0.9% PFAS settlement that would resolve claims against 3M over water pollution. Allegedly, they say the amount is still low and would not be a proper penalty for MMM.
3M
MMMCapital Structure
Market Cap
56.5B
Enterpr. Val.
67.7B
Valuation
P/E
-8.0
P/S
1.7
I didn't even know this and somehow didn't notice it. Thanks for the info.
$10.3 billion sounds like a pretty big racket to me, so... :-D
I'm surprised at the reaction, I mean, virtually no reaction to this report...
Actually, so far the reaction is nothing much I would say that a lot of people think they have a pretty solid $100 under their belt 🙂 and such news usually doesn't come without movement..
Very interesting news, thanks. Maybe the short is already looming, but unfortunately for those who are holding and need to grow, it's quite negative.
I'm curious to see how it will look in the premarket if 3M slowly starts to lose those gains from the last few days. I guess I'm glad I jumped after all.