7th Day of Christmas. MMM all the way to the bank ?

JC888
2022-12-31

7th Day of Christmas - Seven Swans a-swimming

On the seventh day of Christmas, my true love sent to me - Seven Swans a-swimming.; so goes the song - 12 Days of Christmas.

Its a challenge to source for credible stock to share with whoever reads this post.

For this post, let's take a look at an "Industrial-conglomerate" stock for a change okie !

[Sidetrack: interested in my other stocks shared ? Click the "blue" subject to access]

Current stk price < 03 Jan 2022 stock price by -32.16%; medium impact

$3M(MMM)$ , an American multinational conglomerate operates in the following industries :

  • Industry
  • Worker Safety
  • US Healthcare
  • Consumer goods

It has local presence in the following continent :

  • North & South America – 23 countries
  • Europe – 34 countries
  • Middle East & Africa -18 countries
  • Asia & Pacific – 17 countries

In 2021, 3M ranked #102 in Fortune 500 list of largest US corporations by Total Revenue.

Facts & Figures :

3M - important details

  • Its a Mega Cap company.
  • Very stable, not at all volatile with a Beta quotient 1.0 only.
  • Nice dividend at $5.96 per share. Based on current stock price ($120.57); this works out to be about 4.94% returns. Decent dividend. Better than investing in APPL or TSLA - that is losing money big time.
  • Low trading volume implies minimal price fluctuation.
  • Healthy Revenue and Net Income.
  • With a -32% correction since 03 Jan 2022, it is reasonably priced.
  • Deserves a re-look in this challenging investment environment; in 2023.

YTD Quarterly Earnings - to wrap up

3M 2022 quarterly earnings beat expectations - consistently

As a leading manufacturer of industrial (grade) products, you might not be familiar with them. But surely you would've come across the below item from 3M.

Yes, "Post It" pad is from 3M.

In 2023, would you consider transiting to a more "defensive" portfolio OR are you still keen to play the field in a much touted to be depressed market ?

Please "Like" this post ok. Thanks. The rating is important to me.

Matching song ?  "Mmm Mmm Mmm Mmm" by Crash Test Dummies.  An early 90s hit... Dunno ? YouTube it.  You will love it...

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • YorkTurner
    2023-01-01
    YorkTurner
    Do you think MMM goes lower than $107 ?
    • JC888: 
      Unsure I came across doing research for my post.. Will monitor it from now...
  • DouglasMalan
    2022-12-31
    DouglasMalan
    I love MMM's earplugs, they are amazing
    • JC888: 
      Oh.... Didn't know they produced that as well... Wow... Tks for sharing.. Happy 2023....
  • YaleBrewster
    2023-01-01
    YaleBrewster
    3M started the year at $179 per share. It closed the final trading day at $119, giving it a loss of 33.5% for the year. Subtract the dividend presently yielding 4.94%, and you’ve got a whopping loss of 28.6%.
  • YvetteGunther
    2023-01-01
    YvetteGunther
    3M showing more strength than usual this week. Play the quick pop to $130.
  • JoanneSamson
    2022-12-31
    JoanneSamson
    Stay alert, keep an eye out for opportunities, and invest half the money in defensive stock. This will be my 2023🫠
  • JC888
    2022-12-31
    JC888
    Hi
    Tks for reading my post.
    Pls "Like" it ok. Tks.
    The rating is important to me. Tks tks.
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