MMM Fair Price
My Notes
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What shares did you sell last time?
I last sold $MMM stock because I didn't like how many lawsuits the company was facing and the fines it had to pay. In hindsight, that may have been a mistake, but I won't be buying 3M stock again. Anyway, I hope I don't have to sell anything for a long time.
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I also expected worse results and in the end it turned out quite positive. So let's see how the company will fare going forward.
Investors, which companies' results will you be watching next week?
I'm very interested in the results of $MMM, $KO, $MSFT, $GOOGL $WM, $META or maybe $AMZN. Next week will be very interesting as far as company results are concerned and I'm very interested and looking forward to the results of several companies.
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This week is going to be big, there is a lot of it, but most of all I am waiting for info around $ENPH where it has already fallen quite a lot and where I am quite invested, so I wonder what the next drop will be, which I rather expect, but hopefully not so big.
The 3M $MMM board approved a $6 billion (133.9 billion CZK) settlement to resolve claims that its earplugs caused hearing loss among veterans. With this approval, the company shut down analyst estimates that were higher than the final settlement amount.
People connected to the matter told The Wall Street Journal that the settlement will be paid over multiple years. Shares of 3M...
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Do you hold these shares mainly for the steady dividend payment? For dividend companies, I would find other stocks.
So we have finally arrived!
One of the biggest problems that has weighed on $MMM stock is finally over. 3M has finally agreed to pay $6.01 billion to settle nearly 260,000 lawsuits by current and former U.S. military service members who claim they suffered hearing loss while using the company's earplugs.
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Investors, what stocks did you buy or sell this month?
I've been buying $MO stock this month and this week on Monday I was overbought $CVS stock as it dropped a few % again and got below the $70 level and then on Monday I was overbought $BAC and $PFE stock as they are also at a great price. As far as selling goes, I have sold off all shares of $MMM at a profit during this month.
3M has faced several lawsuits and lawsuits recently as some 300,000 soldiers have sued the company over earplugs that were not supposed to work and allegedly damaged soldiers' hearing. However, the company is also facing many other problems. Another problem is that the company will be paying back a fine of USD 12.5 billion over 13 years for long-term water pollution. In...
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Investors, what stocks and ETFs have you bought or sold recently and what stocks are you looking to buy or sell?
I like every month bought $SPY, $MO and $CVSandthis week I still bought part of $ASML stock. I'm not selling anything yet but next week I plan to sell off part of $MMM stock and otherwise hoard cash for any dips.
Investors, which company's results surprised you the most this week and which company's results are you looking forward to next week?
I was certainly pleased with $GOOGL's results and surprised by $MMM's results as I was expecting much worse given the situation they are currently in. As for next week, I'm looking forward to and interested in the results of $PFE, $CVS, $SBUX, $AM...
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You may have noticed that the $MMM results were satisfactory, we saw more than the 5% jump I was hoping for. In the end, even I, originally a fan of 3M, sold my entire position. Litigation creates a lot of uncertainty and this was an opportunity for me to sell at a profit and accumulate more cash.
SP500 is slowly at 4600 points, so maybe that cash will come in handy. 😉
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I am still holding $MMM stock and waiting to see what happens next and I have faith that the lawsuits will be resolved and the stock will rise even more. However, I will definitely not be buying MMM stock anymore.
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I have been watching the $MMM results and I must say that I was pleasantly surprised by the results.
Same list +intel