3M is a company that I don't feel comfortable with going into recession. They have 64 or 65 years of consecutive annual increases and have paid a dividend for more than 100 years without interruption. If you look at the evaluation right now, less than 10 price to earnings, 14.5 price to free cash flow. But then we get there two litigation cases. And this is what makes me so concerned because I don't trust American jury systems.
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)