On February 14, 2022, I published a post entitled 3M: This Dividend King Is A Train Wreck. MMM's situation has deteriorated further as explained in my 3M (MMM) Is A Toxic Dividend King To Avoid guest post at Dividend Power. Once upon a time, MMM was viewed to be a wonderful long-term investment. How times [...]
3M (MMM) appeals to many investors because 64 consecutive years of dividend increases qualify it to be a Dividend King. This Dividend King is a train wreck, however, so this designation is no reason to invest in the company. Investing based on dividend yield and consecutive years of dividend increases is a fundamentally flawed method [...]
In this brief May 21, 2020 article, I analyze and disclose a new position in 3M Company (MMM) for our daughter's taxable account. I subsequently analyze and disclose in this November 4, 2020 article the purchase of additional shares for that account. In both instances, I conclude MMM shares are undervalued. Fast forward to the [...]
Based on YTD results released October 27th and my outlook for the remainder of the current fiscal year I am of the opinion 3M Company (MMM) is currently fairly valued. I have acquired additional shares within our daugther's non-registered account. Summary MMM released Q3 and YTD results on October 27th which exceeded my estimates used [...]
The Fed is currently supporting the US economy which has led to the share price/valuation of many companies to be at levels which are unsustainable if Fed support is ever reduced/withdrawn. In my opinion, investors would be wise to dial back risk. 3M (MMM) is profitable and generates positive Free Cash Flow. Its current valuation [...]
3M Company (MMM) has fallen out of favor with the investment community. Its share price has fallen ~$53 subsequent to April 24th; Q1 2019 results were released April 25th. In previous articles I expressed my view that MMM shares were overvalued and disclosed my use of covered calls to skim additional income. Despite challenges which [...]
I will occasionally employ the use of conservative option strategies to generate additional income. This article provides an update on option positions for 4 companies in which I own the underlying shares. I continue to be dumfounded as to the extent to which the share price of several companies have appreciated in the last [...]
NOTE: I go to the gym daily and now see several of the television monitors tuned to business news channels which gym members are closely monitoring during their workouts. When I see this type of behavior I get visions of the dot.com bubble. In my opinion, a broad market pullback is not out of the [...]
Employing out-of-the-money short-term covered calls can help you generate additional income. Based on my analysis I have elected to employ this strategy on some of our 3M and Hershey's shares. In previous articles I have indicated that I fall in the camp of investors of the opinion that a general market pullback is becoming increasingly [...]
Summary MMM lowered its FY2018 EPS guidance when it released its Q3 2018 results in October. FY2019 EPS guidance provided at its November Investor Day been lowered to $10.45 - $10.90 which still represents a 17.5% - 22.6% YoY increase from the $8.89 earned in FY2018. The company consistently generates significant Free Cash Flow. Another [...]
