Published: Feb. 14, 2022 at 8:12 a.m. ET
3M Co. on Monday laid out its financial forecast for 2022, including a projection for sales growth of 1% to 4% and earnings of $10.15 a share to $10.65 a share.
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this is from a previous post in november so some very well informed ops on this site,,#
nobody wants it,, 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
Stock is behaving unusually for DJ30 component. Unlikely to see 200+ for “quite awhile”. Any options granted by the company prior to this year are probably worthless. Options at 150 would be interesting.
The options are useless if the share price keeps plunging. Peak was $260 but now below $150.
CEO just gave all level 14's and higher a 15% increase in stock options for this year and doubled the employee appreciation budget (those Everyday Wins points). People are leaving in droves, last one to leave, shut off the lights.
3M stock sinks after Morgan Stanley says sell it, because of rising risk of Combat Arms liabilities
They are not doing anything differentiated in ESG and company replacing them will have a good program. Plus need to overcome legal issues - not a great steward.
3M is going all in on ESG so they can attempt to stay in the Dow 30. The perception of being socially, environmental and government stalwarts for those with no voice is all they have left to stay relevant. And this hard pivot to ESG may slow the bleeding for a bit, but will only lead to its ultimate death as there are not enough pandemics, aggrieved people or politicians to pay off to keep from deaths door.