Sep. 14, 2022 11:30 AM ET
Summary
Given 3M's rising legal risks, bloated balance sheet, and deteriorating outlook, we think investors should steer clear of the company.
During 3M's second quarter earnings update, the firm cut its full-year guidance for 2022.
3M had a large net debt load on the books at the end of June 2022.
Its legal risks are mounting after a US federal judge ruled in August 2022 that lawsuits over defective earplugs a subsidiary of 3M sold to the military can proceed.
There are better opportunities out there than 3M.
By The Valuentum Team
Additional Details At:
https://seekingalpha.com/article/4540955-3m-investors-should-steer-clear