Should you buy 3M stock - Those charts really su-k.
https://www.msn.com/en-us/money/topstocks/is-3m-stock-a-buy/ar-BB1jfKpW?ocid=entnewsntp&pc=U531&cvid=07202a4c78c54d9c83b708cc690fd599&ei=50
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This says it all........ see 3M reference in last paragraph.....
Lee Samaha, The Motley Fool
Mon, March 4, 2024 at 4:51 AM EST·3 min read
In this article:
Shares of industrial giant General Electric (NYSE: GE) soared by 18.5% in February, according to data from S&P Global Market Intelligence. The move comes from a well-received set of fourth-quarter earnings at the end of January and positive guidance for 2024.
General Electric has come a long way
In addition, and a fact not often discussed, GE has significantly improved the transparency of its reporting. That's something former CFO Carolina Dybeck Happe can also take credit for, notably when compared with her two predecessors, Jamie Miller and Jeff Bornstein.
That greater transparency came into the fold when management gave revenue, profit, and cash flow guidance for both GE Aerospace, the remaining company after the GE Vernova spin takes place, and GE Vernova. While that might not seem a big deal, compare it with fellow industrial giant 3M, whose investors are still in the dark over many details over the guidance of the remaining 3M company and its forthcoming healthcare spinoff, Solventum.
This article is excellent. When I started at 3M in 2019 I was very excited to join what I thought was an amazing company. I soon realized I made a mistake. Our senior leaders do not care about anyone but themselves or who they hired. They like to believe they are the smartest people in the room and bully direct reports who they fear make them look bad or are different from them.
This article helped me understand the dynamics of 3M. As someone previously mentioned, 3M is like the Titanic and our senior leaders want to make sure they and their friends survive, even if it means removing or bullying those who are needed to keep the ship afloat.
The whole point of health care spin off is about extracting wealth for the top 3M executives Roman, Monish, all the peiple that are responsible for declining 3M sales and lack of organic growth. Ironic since Mike way over bid and spent on KCI aquisition with debt and and assumed debt (Horrible deal for 3M) They know they cannot find any other logical way to pay for all the liabilities 3M has for PFAS. It's going for a pitance of what it shoyld have been worth because 3M will add to much debt to balance sheet. Thus is to to salvage anything from planning bankruptcy filing for 3M remain co. Roman does not deserve one extra penny for his pi-s poor management of company.
Hoping to see some change soon. Leadership is delusional and absolutely out of touch with reality. One possible explanation is that MR & MP are extracting as much wealth as they can, while they can. Horrible legacy Mike.
Motley Fool has historically pumped the 3M garbage.