Thread regarding 3M layoffs

Biden's Infrastructure beneficiary

3M (MMM)
Stock price as of April 6, 2021: $194.84

3M Corporation has one of the most solid pedigrees of any company, if you’re looking for a true blue chip stock to invest in. A member of the Dow Jones Industrial Average, 3M was founded in 1902 and is now a member of the Fortune 500 with over 60,000 products. As a conglomerate, 3M has its hands in a wide variety of products, but its transportation infrastructure division, which provides materials and technologies to everything from road building to automated vehicles, seems primed for growth. On top of its potential for a growing share price, 3M currently offers a dividend yield north of 3%.

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| 1491 views | | 4 replies (last April 12, 2021) | Reply
Post ID: @OP+1aj9dXrt

4 replies (most recent on top)

Roman is that you? Gaslighting your s–t company? Nobody wants 50yr old technology. Invent something new or gfto.

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Post ID: @1qgo+1aj9dXrt

well,,, CEO always talk about "growth over macro"...

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Post ID: @1dmf+1aj9dXrt

The infrastructure bill don't really impact 3M one way or another. Yes, some areas will see a slight order increase, but it won't be any different from the broader market impact. As was already posted, 3M has been basically flat for more than a decade. The actions inside the company are doing little to nothing to improve that, as such the best you can realistically hope for is market-level growth.

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Post ID: @eoc+1aj9dXrt

Annual revenues for the past 9 years ( thanks to a previous post)

  1. 96 % annual growth for the last 9 years !!! Do your own math.

This company has not grown for a decade now and has no plans for growth. Only cost cutting and other band aid short term fixes to look forward to.

2020 $32,184
2019 $32,136
2018 $32,765
2017 $31,657
2016 $30,109
2015 $30,274
2014 $31,821
2013 $30,871
2012 $29,904
2011 $29,611

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Post ID: @kqv+1aj9dXrt

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