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written by reader GE versus MMM

By firebones, December 18, 2021

Was interested in your thoughts on GE versus MMM. They seem to be in very different places. MMM is the cheapest, most solid of the industrial conglomerates, but its growth is stagnating and performance over the last few years has been lacklustre.

GE is coming back from some really awful problems, and still has some issues to fix. Quantitatively, its margins, PE, dividend yield, etc. are all terrible compared to MMM, except price to sales, but its management appear to causing positive improvements.

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Travis Johnson, Stock Gumshoe
December 20, 2021 4:32 pm

I wish GE well, but I have never really been able to understand their financial prospects — that’s starting to get a little better now as they reorganize and streaming, and I like Larry Culp’s history, but I haven’t looked closely enough to have much of an opinion. MMM is primarily a long-term dividend grower that I like for stability, with the upside of their history of innovation giving me some confidence that they’ll keep it up, but both companies have environmental challenges (MMM more acute of late), and both are complex beasts. GE should have more upside potential over the next few years, since they’re building back from a total disaster, but at higher risk. That’s the way i think of it, at least.

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