NYSE:MMM
3M Co. (MMM)
170.30
+1.00 (0.59%)
as of Sep 23, 2026, 8:00:00 pm Market Open.
196 watching
Financials 
Technical Analysis 0
DON'T BUY
The shares broke down below some strong support and then bounced off one of his break points. It has only bounced back to its fair market value. The problem is that the fair market value and the earnings have been slipping for two years. It is not a COVID-19 issue. He does not think there is much in it for you.
mngmntdiversified
WAIT
Multi-dimensional company. Had a nice multiple and consistent earnings. In last little while, it's become more cyclical. Missed numbers, which is a makeup of their products. Earnings quality has fallen. Don't own it until you see more stability in company direction. You can own it cheaper. Decent yield of 3.6%.
mngmntdiversified
DON'T BUY
It's had a rough 18 months, but remains a quality company. Activists may be trying to break up this company. It's not his favourite stock. Earnings came out today and they announced re-structuring charges, and they are in the middle of litigation about a chemical leaching into water. Pass. If you already own it, you probably have a big capital gain, or you can switch to Honeywell.
mngmntdiversified
WATCH
The whole industrial space has struggled due to the slow-down. It’s missed its quarterly numbers a couple times in a row. Investors are a little upset with it, though it is a well diversified manufacturing company. He’s looked into it but hasn’t purchased it yet. It’s not a bad bet if you think there won’t be a recession.
mngmntdiversified
DON'T BUY
He is not holding this one. A good company, but not a great one. It was a beneficiary when GE was doing poorly and more recently to Boeing's issues. All are big in the industrial space and big traders swing among them at various times. They have a lot of exposure to the Japanese Yen, which has been unhelpful to them.
mngmntdiversified
DON'T BUY
A diversified industrial company across consumer, industrials and materials, but they have weak topline growth. About 18 months ago, they bought back stock, but added debt, when interest rates were low. Not her first choice in this space. Others have better top- and bottom-line growth.
mngmntdiversified
DON'T BUY
It’s down 20% from its highs, disappointing investors because of tepid growth and squeezed margins. International operations are significant for this company and the strengthening US dollar makes this less valuable. He would look for a different industrial that doesn’t face the same headwinds. When he sees margins being squeezed, he sees a red flag. Is it a management issue or a competitive issue? These tend to be long-legged issues and he prefers not to get involved with companies that have them.
mngmntdiversified
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