3M are a bit of a mind missing, kind of mess with your mind a little bit because on the face, which you just look at the numbers in isolation, they make perfect sense. But then it's that litigation, even management came out and said, look, they've got the weighted numbers for 2023, however, this excludes any litigation cast because they cannot put an estimate on it. That's a little bit scary. They have zero idea how much this is going to cost them,. And as you said, they're coming to kind of like the end of the cycle. So I think there's plenty of opportunity to get into 3M once we get a little bit more
In this week's episode, we discuss 5 companies in our portfolios that we don't feel comfortable owning going into a recession.
News of the week includes Novo Nordisk Market cap which now exceeds Nestle. And Unilevers Shrinkflation on Ice cream.
Companies mentioned From EMF are HPQ, Danone, BASF,
The companies mentioned by EDGI are Omega HealthCare and 3M.
Reference Material -
chowder rule Archives - European Dividend Growth Investor (europeandgi.com)