3M Co. (MMM)

Re: 3M Co. (MMM)

Postby winston » Thu Apr 27, 2017 7:45 pm

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IT MAY BE BORING, BUT IT WORKS

Today, we're beating the drum once again on one of our favorite investing strategies...

Longtime DailyWealth readers know that the simplest businesses – like waste disposal and tools – often reward shareholders the best.

Contrary to popular belief, you don't need to make risky bets to make a lot of money in the stock market.

For proof, we look at $117 billion manufacturing conglomerate 3M (MMM). The company makes "boring" household products like ACE bandages, Post-it notes, and Scotch tape.

3M has grown its bottom line consistently over the last several years and has passed that growth along to shareholders, raising its dividend for 58 consecutive years.

Still, 3M isn't the type of stock you'll hear about much from Wall Street analysts or your next-door neighbor.

But that's OK with us... As you can see from the following chart, 3M shares just broke out to a fresh multiyear high. They're up nearly 120% over the last five years alone.

Investing in boring household items may not be exciting, but it works...

Source: Daily Wealth
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Re: 3M Co. (MMM)

Postby winston » Tue Aug 08, 2017 7:00 am

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3M (MMM) simply wasn't as bad as the stock says.

In fact, this company had terrific organic growth and will continue to do so and you are being given a gift here to buy the stock.

I will go a step further: CEO Inge Thulin delivered another really solid quarter, but the stock had run as if it would be a blowout. That's not the 3M way.

This stock remains a core portfolio holding.

Source: Cramer, The Street
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Re: 3M Co. (MMM)

Postby winston » Fri Jan 19, 2018 10:26 pm

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ANOTHER 'BORING' BUSINESS – WITH ATTRACTIVE GAINS

Today, one of our favorite investing strategies is paying off again...

Contrary to popular belief, you don't need to make risky bets to succeed in the stock market. Longtime readers know simple businesses often reward shareholders the most. These companies make steady profits on everyday goods like soda, pet food, and cleaning products. That's a great recipe for lucrative, long-term investments...

For proof, we look at manufacturing conglomerate 3M (MMM). This $145 billion giant makes "boring" household products like ACE bandages, Post-it notes, and Scotch tape. 3M has grown its bottom line consistently over the past several years...

And it's passing those rewards on to its shareholders. The company has now raised its dividend for 58 years straight. Still, this isn't the type of stock you'll hear about at cocktail parties.

And that's OK with us... As you can see in the chart below, 3M shares are soaring to record highs. They've climbed 180% over the past five years... And they've risen 40% over the past year alone. Investing in tape and sticky notes may not be exciting, but it works...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: 3M Co. (MMM)

Postby winston » Mon Dec 03, 2018 8:28 pm

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3M (MMM)

3M (NYSE:MMM) has pulled back of late, as cyclical fears have weighed on industrial stocks. MMM stock actually is down nearly 15% so far this year.

But as the 116-year history of 3M proves, the company has weathered cyclical declines in the past. Each time, 3M has emerged stronger — and each pullback has been a long-term buying opportunity in 3M stock.

It’s tough to see why this time necessarily is different. Valuation may have run a bit too far at the beginning of the year but it’s now much more in line, with MMM trading at 18x+ forward earnings. Here, too, a nice dividend yield (2.7%) helps the case.

It’s the broad point that’s most important, though. 3M’s portfolio of tapes, cloths, medical supplies, and sealants (to name just a few products) might not be revolutionary. But it’s driven above-market returns in 3M stock for decades.

And it’s the type of portfolio that can allow investors to beat the market with MMM stock going forward, as well.

Source: Investor Place
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Re: 3M Co. (MMM)

Postby winston » Sat May 11, 2019 9:10 pm

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3 Reasons to Take a Gamble on MMM Stock

by Josh Enomoto

1. Acelity Takeover a Bright Spot for MMM Stock
2. Asia Headwinds Are a Temporary Problem for 3M Stock
3. 3M Stock has Relevant Products


Source: Investor Place

https://finance.yahoo.com/news/3-reason ... 47614.html
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Re: 3M Co. (MMM)

Postby winston » Tue Jan 28, 2020 8:40 pm

Coronavirus Safety Play #1: 3M (MMM)

With four business segments producing thousands of different goods, 3M may not seem like the most likely play for this event. But among the automotive parts and Post-It Notes, the company is a major producer of closure and masking systems.

With face masks coming out in force across China, 3M’s brand and high-end, HEPA-level products stand out as clear winners. We also see little business falling off for its medical care or consumer goods segments either.

What’s more, the company was hardly a top-performer during the recent market melt-up, even as shares were tied to trade war fears last year. Thanks to slow earnings growth, and a 2 percent drop in revenue in the past year, shares slid 7 percent in 2019.

That’s put the company at 18 times earnings, a moderate discount to the overall stock market, and one with a 15 percent profit margin—a reasonable level for the number of products that the company makes and produces.

With shares yielding 3.2 percent, and with some dividend growth over the past few years, shares are a buy up to $180.00. We see the company continuing to operate well, with coronavirus-related products more than offsetting other products in the company’s portfolio that may see a decline in sales.

For traders, the January 2021 $220 calls—priced right around the company’s old all-time high—can be bought for around $2.25, or $225 per contract. And should the company surprise with growth this year, which is just might following its poor performance last year, these options could be good for high-double digit gains, up to a double.

Source: Trading Tips
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Re: 3M Co. (MMM)

Postby investar » Tue Feb 04, 2020 3:45 am

A good stock for the medium term watch list!
The 28/1 earnings were below expectations, creating the drop to 155$
Opportunity or not? Best to wait a bit longer and see what happens in Feb and early March.

https://www.bizjournals.com/twincities/ ... yptr=yahoo

The Chinese market was tough for 3M Co. in 2019, and executives were expecting more of the same to start 2020. Now things are looking much busier — though the reason isn't necessarily a happy one, globally speaking.

The Maplewood, Minn.-based manufacturer is seeing a surge in demand for face masks and other respiratory protection products in the wake of the coronavirus outbreak, which has already infected thousands of people in China, with a relative handful of cases in other countries.

3M CEO Mike Roman told CNBC on Tuesday that the company was "going 24/7" in producing the masks in factories across the globe. 3M's facility in China remains fully operational, he said.


Speaking with analysts, Roman said going into the year, growth in the China market had been projected to be down slightly for 3M, due to soft demand for automotive business and other factors. Normally a high-growth area for 3M, Reuters reported that China grew at the slowest pace in three decades in its fourth quarter, contributing to an unexpectedly weak earnings report for the company.


"We were looking at a sluggish start to China in first quarter," he said. "Now coronavirus, it's kind of changing things as we go and we're seeing what you're seeing. We're seeing increased demand for our respiratory protection products, and we're ramping up our production worldwide, in China, around the world to meet that demand." (Seeking Alpha has the full transcript.)

He acknowledged that there's a potential downside even if the company sells more masks, of course. If the outbreak worsens and affects global trade — either through travel limitations or factory shutdowns — that hurts 3M as much as anybody else.
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Re: 3M Co. (MMM)

Postby investar » Wed Apr 29, 2020 5:03 am

3M Beat Estimates:

https://www.marketwatch.com/story/3ms-s ... 2020-04-28

Shares of 3M Co. surged Tuesday, after the maker of highly sought after N95 face masks used during the coronavirus epidemic reported first-quarter earnings that beat expectations, showing that preparation and patience pays off.

The diversified maker of health care, consumer and industrial and transportation products, that was previously best known for making Post-it Notes, Scotch tape and Ace bandages, reported before the opening bell an adjusted profit that was well above expectations, and revenue that rose above forecasts. CFRA analyst Colin Scarola followed by upgrading 3M’s stock to buy from hold, and raising the price target to $177 from $164, as demand for COVID-19 equipment should limit revenue declines.

3M said its results were boosted by “strong growth” in personal safety equipment, home improvement and retail cleaning products, which experienced “high demand” as a result of the coronavirus pandemic, as well as by actions the company took two decades ago to prepare for such a crisis.
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Re: 3M Co. (MMM)

Postby winston » Thu May 14, 2020 8:15 am

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I've Waited For Years To Purchase 3M: Now Is The Time

by Robert & Sam Kovacs

Summary

For years I've refused to purchase 3M, mostly because of valuation concerns.

At the same time this was a resilient, wide moat, dividend king that I wanted to own.

3M has the ability to weather this recession, it has weathered many in the past.

I am really happy to finally be able to purchase 3M at a price which suits me.

MMM has a P/E of 17.43x
P/S of 2.64x
P/CFO of 11.81x
Dividend yield of 3.96%
Buyback yield of 2.26%
Shareholder yield of 6.22%.


Source: Seeking Alpha

https://seekingalpha.com/article/434674 ... ent=link-0
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