The thread is getting too heated with pfas lawsuits, veterans lawsuits, bad management and high attrition rates discussions.
To cool things off a bit, let’s change course and discuss stock predictions: what do folks think will be the stock value by the end of the year 2022?
Sold off all my 3M stocks in 401 k .
Down to about 50 stocks in my GESPP plan. Hope to sell them off soon.
Have zero faith in current management team.
It is definitely falling more than the market
65 by end q1
$111.36
A lot of speculation will be cleared once media gets to the veterans lawsuit. Chances are 3m doesn’t even see the end of 2022.
25 by dec 22
40 by Jan 23.
@cue+1hCkypJC Are you sure the eps is 8? That seems too high to me. Even if they have separated the legal costs, the recessionary market isn’t exactly the best for consumer spending. I would have guessed something around 0.5-1.0 at best.
It depends majorly on the veterans lawsuit media coverage. If the media starts going after them, the stock might plummet to two digits. Else would be somewhere in early 100s.
Good thing is that people are already leaving, so cost of Human Resources is plummeting. Most tech folks would either already be in the market or would have offers with them. Selective attrition hurts the company much more than you think.
Honestly it feels it’s best for them to consider closing shop. Even if they somehow survive this lawsuit, the human and capital resources spent and the damage to reputation would simply make it impossible for them to sustain. As far as spin-offs are concerned, the hounds from the government, judiciary and media will be on their tail.
120 years is a very long life span for a company. Modern tech companies typically last 20-30 years. These guys should be proud that they lasted as long as they did.
I call 85 by Jan 23
How the fu-k is mother mining still on dow?
Dividend cut would cause stock to plunge. Also if delisted from dow
Depends on earnings. 13x multiple of what they are projecting at the next earnings call. So if eps is $8, then $104. Yes it isn’t that simple - but something around $100
I think realistically it will be below 100.
What 50 is too low! I would have guessed somewhere in late 80s.
40-50 by dec 2022