3M has a 5.8% yield and 65 years of dividend growth, but that's not going to happen anymore. The company will dilute the hell out of shareholders or they'll have to file bankruptcy. So based on this, I cannot do anything else than sell. And yeah, I'm going to get rid of my 3M stock.
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!