I was surprised when I seen the stock price go up so much, I had to go on Twitter straight away. As you said, what struck me first was that this is a tentative settlement of at least 10 billion. And if it affects people in South Carolina, it's going to affect people all over America. That's before they even get to Europe, which is different when it comes to law sales as well. It's that big figure of 143 billion, which is quite scary. Now think about it, the free cash flow last year was around 3 or 4 billion. And their long term debt is 13 billion, 1, 3. So I mean, where's your dividend cover there
3M had a big run-up at the end of the week due to some news regarding a first settlement of at least 10 billion. Is now the time to buy? We do a bit of a deeper dive into those litigations to really understand if the path is clear for 3M's recovery.
What's more in this episode: our thoughts about Target and their #GoWokeGoBroke failure. Does this provide an attractive buying opportunity?
Last but not least, many listeners questions ranging from our thoughts about stocks like $LOTB, $JNJ, $ABBV, $ROG to our opinion about whether beating the market should be a dividend growth investors goal.
Having said that, it's a jam-packed show, and as always, C U on the inside!