How low will MMM stock go and what are the repurcussions

So, 3M stock has been hovering in the $175 -180 region for a while now. Q3 results will be declared in about 10 days. Going by recent presentations given at investor meetings, it looks like supply chain issues and inflation will cause a big dent in earnings for the year.

What will the stock price look like in late October ? Will it test a new one year low (< $156). Also what happens if there is a major stock market correction that seems more and more likely.

More importantly for the employees of Mother Mining, what will be the repurcussions when stock price nosedives again ?

More layoffs, cuts to benefits , other creative cost saving measures ?

Discuss !!

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See earlier comment re 160 support level

Slide continues with test of next support level coming

From another posting....relevant for this message :

and how can Roman take his big payoff when the company is on a slide for the next 12-18 months, watch out for the share price going down 10-15 usd in the second week of november,, it might not bounce back ever,, the new norm will be $145 from february onwards,, the big crash could happen in November next year

“Does not look bad” is probably a better assessment - Wall Street not impressed

Q3 results just released.. Looks good.

If can’t hold 190+ then retest of lows and potential downward drift to 160 possible. There is a reason for the discounted multiple (PFAS)

I think its time he should leave. He has done nothing during tenure, except rolling out the Adv 3M operating model, which is a complete mess and failure.

At this point if the stock gets much worse I think Roman's job is in justifiable jeopardy if it isn't there already. He has been at this a while and just isn't getting results. In internal communications it really sounds like he has no idea what in world he is doing. We are trading at a discount to the S&P when 3M historically trades at a rough 15-20% premium to the S&P.

I could see the board showing him the door soon and bringing in someone from the outside. Roman's operating committee simply does not have a good and ready CEO candidate on it.

If it hits $160, then sh-t hits the fan. More layoff expected. Advance 3M.

If this hits 160 it could get interesting

"Layoffs without severance with the vax mandate. Easy savings for 3M. Cutbacks in travel and admerch also.

Thread regarding 3M layoffs

How low will MMM stock go and what are the repurcussions

15 replies (most recent on top)

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