MMMD.BA
3M COMPANY News
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"title": "3M Stock: Still On Sale As Turnaround Continues (NYSE:MMM)",
"description": "3M Company's Q1 earnings exceeded expectations, highlighting the strength of its turnaround and overlooked legal challenges. Read more on MMM stock here.",
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"snippet": "josefkubes\n\n3M Continues Its Organic Growth Recovery\n\nAs ex-CEO Mike Roman turned over the reins to Bill Brown this week, 3M Company (NYSE:MMM) investors got th...",
"url": "https://seekingalpha.com/article/4689304-3m-still-on-sale-as-turnaround-continues",
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"published_at": "2024-05-04T12:30:00.000000Z",
"source": "seekingalpha.com",
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"symbol": "MMMD.BA",
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"highlight": "josefkubes\n\n<em>3M</em> Continues Its Organic Growth Recovery\n\nAs ex-CEO Mike Roman turned over the reins to Bill Brown this week, <em>3M</em> <em>Company</em> (NYSE:MMM) investors got the respite they needed. <em>3M</em> reported its first-quarter earnings results, which surpassed Wall Street estimates. <em>3M</em> reset its dividend policy after completing the divestiture of its healthcare business",
"sentiment": 0.3818,
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"highlight": "Coupled with the need to remain cautious over its potentially massive legal liabilities, I assessed it as prudent for <em>3M</em> management to reduce its dividend payout to 40% of its adjusted free cash flow (down from 60% previously).\n\nIn my previous <em>3M</em> article in February 2024, I maintained my bullish thesis in MMM stock.",
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"highlight": "Accordingly, <em>3M</em> reported a \"return to organic growth and achieving double-digit adjusted earnings growth as key milestones.\"",
"sentiment": 0.6369,
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"highlight": "Both segments delivered negative organic growth, suggesting that <em>3M</em> investors will likely await a more robust organic growth recovery before re-rating MMM further.\n\n<em>3M</em> Is Moving Past Its Legal Challenges\n\n<em>3M</em> bears could indicate that 3M's immense liabilities would likely derail any sustained recovery momentum.",
"sentiment": 0.3933,
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"highlight": "However, it's crucial to consider that <em>3M</em> has reached critical settlement stages in its PFAS and combat arms litigation challenges. Accordingly, 3M's PFAS settlement agreement \"entails a pre-tax present value commitment of up to $10.3 billion payable (pre-tax present value) over 13 years, for which <em>3M</em> has already recorded reserves.\"",
"sentiment": 0.5267,
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"highlight": "In addition, <em>3M</em> has also obtained an agreement from more than 99% of claimants to participate in its combat arms settlement. <em>3M</em> has reportedly set aside a pre-tax present value of $5.3B to resolve these legal liabilities.",
"sentiment": 0.6705,
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"highlight": "As a result, it has allowed the potential turnover of income investors toward value investors who appreciate the fundamentally strong and significantly undervalued (though battered) business model of <em>3M</em>.\n\nIs MMM Stock A Buy, Sell, Or Hold?",
"sentiment": 0.8126,
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"highlight": "Bolstered by 3M's fundamentally strong business model and MMM's relative undervaluation, I believe <em>3M</em> looks well-positioned to continue its recovery trajectory as investors look past its legal and execution challenges under ex-CEO Mike Roman.\n\nRating: Maintain Buy.",
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Exchange
- Buenos Aires Stock Exchange
- equity
- N/A
- ar