3M has a 6% yield. Yes, they have a good history. But also, look at the potential cost here. The potential you're going to go bankrupt here. This is 16 cases. They've got 260,000 lawsuits here. That's billions and billions. I mean, this is potentially going like we got two, two serious lawsuits here and either one on their own will potentially put this company out of business. It's quite scary when you look at that."
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!