3M Stock Falling Again - $97.99 - post regarding 3M layoffs

3M Stock Falling Again - $97.99

So much liability with our comany due to longstanding PFAS environmental catastrophe and PFAS toxity that was hiden by 3M for 70 years. The New Yorker article from 3M's job eliminated scientist revealed even more. Startling and 100% fact. Now litigation is growing exponentially.

Experts say the PFAS legal battle is just beginning. Under increasing scrutiny are a wider universe of companies that use PFAS in their products. This month, plaintiffs filed a class-action lawsuit against Bic, accusing the razor company for failing to disclose that some of its razors contained PFAS.

A wide swathe of the chemicals, plastics and related industries are gearing up to fight a surge in litigation related to PFAS, or per- and polyfluoroalkyl substances, a class of nearly 15,000 versatile synthetic chemicals linked to serious health problems.

https://www.nytimes.com/2024/05/28/climate/pfas-forever-chemicals-industry-lawsuits.html

Comment! It's anonymous!

19 replies (most recent on top)

Solventum looks to test $50 low soon

SOL is scre.wed with super high debts. Will take many years to clear

What has happened to Solventum?
Share drop from $80 to almost $55 now...

Imation sounds like Imitation

Compared to Imation, Solventum has a fighting chance of survival.

Looks like Solventum could drop to $40-ish range before market sees some real growth to it.

Solventum was handed a lot of debt as a parting gift from 3M, plus the analysts want to see sales growth.

Why is SOLventum crashing? Stock price down to $57

And back on the rise

I know of new employees who joined and participated in GESPP from 2018. Now is still in deep red.

Well, I just got out and saved myself another 10% loss.

Heading back to the $80s

I’m sure a JE scientist will spin her former employer in a positive light. No hard feelings…

Short term profit taking after a small juicing up due to LTI buybacks, but what do I know about finance.

@tgn+1sK645Y7

You're right. "Long term" stockholders. Will be epic, in 30 years. Same thing for employees. The work environment will be best in class, in 30 years. 😎😎😎

Have to read between Mikey's line. He said "Long term" shareholder value. :D Have to look beyond 30 years

In the last 5 years, S&P 500 is up 88% and 3M is down 29%. No issues with 3M. It's just a market thing.

Our leadership promised a bright future and a global operating model in 2018. Anyone that believes things are great at 3M is either in complete delusion or a 3M Executive. If you want to see the combination of 3M Executive and complete delusion, then read the last quarter's comments. Cannot wait to see the next 5 years. 😫🤢🤮

"In 2023, we took significant action to improve our performance across our businesses and our operational execution. Our results demonstrate the positive impact of the changes we have made over the last several years, " said 3M executive chairman Mike Roman. "The progress we have made in executing our strategic priorities positions the company for long-term shareholder value creation as Bill Brown assumes the role of 3M CEO."

If the last 5 years was positive impact of changes, I am terrified for our future. At least I have my LTI's . . . oh, that's right, those got torched too.

Only those with LTI will be affected when 3M shares are down. They will work much harder

Nothing to do with that, Dow and nasdaq are down

Thread regarding 3M layoffs

3M Stock Falling Again - $97.99

19 replies (most recent on top)

Post a reply