Investors just got another lackluster earnings report from industrial conglomerate 3M (MMM 0.77%). While the stock has undoubtedly sold off in recent years due to its growing legal risks, the company has also disappointed investors with its operational performance.
https://www.fool.com/investing/2022/11/03/investors-should-still-be-cautious-about-3m/
"To be an overachiever, you have to be an over-believer"
Great dividend indeed.
Think of 3M shares as a bank account where you lose 40 % of your principal, but you get a 5% interest for the year. Net loss for the year....negative 35%. Ya, you got the maths right.
Let's not talk about when the principal amount can be recouped. Can it ever be recovered ????
Sounds like a great investment for sure.
Interesting article.