For those who are still on GESPP , what are the reasons that you are still contributing to the 3M pool? Just to get 15% discount? Be aware that stock can wipe off 10% just overnight. And GESPP is stuck to hold for 1 year.
13 replies (most recent on top)
Let the stock price plunge further and hit hard on the SVPs VPs Directors. Serves then well for leading poorly
Got laid off before Christmas, only bright spot was all my shares in the GEESP were freed up to sell! Over and out.
I was glad to cut loss and sold everything when it was $130 for a short period.... and stopped all the contributions
The proper hedge to your 3M salary is a short position in 3M stock.
At least until the M&M boys and Tireman are gone.
Let me get this straight. You think it's the short sellers driving the MMM stock price down?
It turns out 3M’s handling of the vaccine mandate saved me thousands of dollars in losses. When that was announced I immediately ended enrollment and only turned it on for a few months since. Never again!
It will go back up after Roman retires. Watch the movie D-mb Money and let’s sc--w the short sellers who are always posting gloom and doom to make money on us
Titantic, do not board. Sell it. 3M is a joke company. No future. Trash investment. Run.
Forget the GESPP. Short this thing. Only way to make money on it.
Post hard spin, share price of Parent Co looks to be worth only $60. Ouch!
Once spin happens…. Another big hit
I bailed on it several years ago. The author is correct, just how in the he-l do you lose money on a 15% discount that you only have to hold for year. But I did. We all did.
Take the advice of Nancy Reagan, "Just Don't Do It". 3M stock is a bad dr-g.