The Bottom Line: 3M Is a Low Growth Company

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.