What is going on at 3m and advice please

By joycee, April 26, 2019

Dear Travis and Fellow Members
My Husband passed away last year and I have been sheparding our stocks, much as I had been doing when he was alive. When he wanted to sell all of our stocks I would make him keep 3M because I liked it. Yesterday threw me for a loop… any advice on a plan, as it says in the old song “should I stay or should I go?”

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4 Comments on " What is going on at 3m and advice please"

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bunion132
Irregular
74
Following is Market Watch’s brief but concise description of 3M’s most recent Earnings Report: ” Shares of 3M Co. suffered their biggest one-day decline in over 30 years, after the industrial, health-care and consumer products company missed profit and revenue expectations, slashed its full-year outlook, and said it was cutting 2,000 jobs.” Skimming through stats, 4 out of 5 segments of this conglomerate performed poorly (negative) in the last quarter. Even its management admitted that they did not react fast enough to slipping sales, especially in Asia. Add to this already dismal picture some kind of litigation regarding environmental matters.… Read more »
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Joycee
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Thank you for the information and taking the time to help. I’m going to sit back for a few days and make a decision soon.

bunion132
Irregular
74

You’re welcome. Thought I’d look into it because 3M, after all, is a member of the DOW and the latter went down as a group when 3M’s stock fell.

The following Barron’s article might help your decision-making:
https://www.marketwatch.com/articles/3m-stock-still-has-further-to-fall-analyst-says-51556549135?mod=mw_quote_news

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Joycee
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Thank for the valuable information.

wpDiscuz