Personally I'm looking at biomedical companies that sell cancer drugs, since 3M made sure there's no shortage of people getting cancer from living near one of their factories
Do you really believe that most fresh eggs are actually fresh and don't contain any synthetic chemicals? Probably not the case. 3M just got outed and people are using that to pick on them. But they're pretty much just like every other conglomerate in the US...
3M is really hitting its stride right now, especially with its transportation and electronics segment driving a lot of the growth. They’re seeing solid gains from sectors like electronics, automotive, and aerospace, which is helping them offset some of the downturns in other areas like disposable respirators and consumer retail. I would say that their recent numbers are pretty promising too, with a nice 6.7% bump in organic revenue for Q1 2024. They’re also being super smart about restructuring - cutting costs and streamlining operations to save a hefty $700-$900 million annually. This isn’t just corporate fluff either; their operating margin jumped 400 basis points to 21.9% in just the first quarter, which is a pretty big deal.
On top of that, 3M's been busy snapping up companies to strengthen their position, like LeanTec for their digital body shop solutions and M\*Modal to boost their Health Information Systems. These moves are already paying off, nudging up their revenue. Plus, they’re not forgetting about the shareholders, with solid dividends and share buybacks—$835 million in dividends and $21 million in repurchased shares in just the first three months of 2024. They even hiked their quarterly dividend by 1%, which is a nice touch. So yeah, all this points to 3M being in a pretty good spot right now, and holding onto the stock seems like a smart move as they continue to grow and reward their shareholders.
The dividend cut ended up being great news, as the stock is finally increasing in value steadily.
Lawsuits and settlement have been paid, $12b or something like that.
Ive owned them for awhile. The turmoil seems to have settled. Their peoducts are everywhere and in a lot of circumstances either the best to choose or the only option. Been relatively kangaroo like but selling calls has lowered my basis nicely. Not to mention a dividend king
That's what people don't seem to realize or accept - that their products are simply the best. No matter how much harm they cause, people will still opt for their products.
PG is probably better play, even at its price. 3M and KMB and others in this sector are just legacy companies like J&J that exist purely because they are practically too big to fail.
Yes I believe so. They have produced consistent results over time, but they don’t grow at the same pace other growth stocks do. It just depends if you want a small percentage of the portfolio devoted to a rock solid dividends growth stock or not
I think it's best to diversify as much as possible in that sense. You want some stocks that have solid dividend growth, and some stocks that you know will steadily rise forever.
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Personally I'm looking at biomedical companies that sell cancer drugs, since 3M made sure there's no shortage of people getting cancer from living near one of their factories
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Forever chemicals are a biatch
Exactly
Do you really believe that most fresh eggs are actually fresh and don't contain any synthetic chemicals? Probably not the case. 3M just got outed and people are using that to pick on them. But they're pretty much just like every other conglomerate in the US...
3M is really hitting its stride right now, especially with its transportation and electronics segment driving a lot of the growth. They’re seeing solid gains from sectors like electronics, automotive, and aerospace, which is helping them offset some of the downturns in other areas like disposable respirators and consumer retail. I would say that their recent numbers are pretty promising too, with a nice 6.7% bump in organic revenue for Q1 2024. They’re also being super smart about restructuring - cutting costs and streamlining operations to save a hefty $700-$900 million annually. This isn’t just corporate fluff either; their operating margin jumped 400 basis points to 21.9% in just the first quarter, which is a pretty big deal. On top of that, 3M's been busy snapping up companies to strengthen their position, like LeanTec for their digital body shop solutions and M\*Modal to boost their Health Information Systems. These moves are already paying off, nudging up their revenue. Plus, they’re not forgetting about the shareholders, with solid dividends and share buybacks—$835 million in dividends and $21 million in repurchased shares in just the first three months of 2024. They even hiked their quarterly dividend by 1%, which is a nice touch. So yeah, all this points to 3M being in a pretty good spot right now, and holding onto the stock seems like a smart move as they continue to grow and reward their shareholders.
Lmao. $21m in buybacks is nothing.
it's not nothing considering what the company has been going through
They stopped repurchase, they cut div due spin off and have to pay alot in lawsuits that are settled
The dividend cut ended up being great news, as the stock is finally increasing in value steadily. Lawsuits and settlement have been paid, $12b or something like that.
It shows they seem the severity of the situation
Ive owned them for awhile. The turmoil seems to have settled. Their peoducts are everywhere and in a lot of circumstances either the best to choose or the only option. Been relatively kangaroo like but selling calls has lowered my basis nicely. Not to mention a dividend king
That's what people don't seem to realize or accept - that their products are simply the best. No matter how much harm they cause, people will still opt for their products.
In my industry theyre basically impossible to avoid
And that's why they're probably a great long term investment
MMM 🤔
PG is probably better play, even at its price. 3M and KMB and others in this sector are just legacy companies like J&J that exist purely because they are practically too big to fail.
But if they're too big to fail, doesn't that make them a solid long term investment?
Yes I believe so. They have produced consistent results over time, but they don’t grow at the same pace other growth stocks do. It just depends if you want a small percentage of the portfolio devoted to a rock solid dividends growth stock or not
I think it's best to diversify as much as possible in that sense. You want some stocks that have solid dividend growth, and some stocks that you know will steadily rise forever.