7th Day of Christmas. MMM all the way to the bank ?
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]
- 5th Day of Christmas - CVS Health Corp.
- Great Dividend stock - V.F. Corp
- Xmas Dare To Care - UnitedHealth Group
- 6th Day of Christmas - Walgreens Boots Alliance
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 ?
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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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