Will 3M Go Bankrupt?!

3M is a dividend KING and they are facing litigation fallout which some believe could force this great company into bankruptcy. In this video, we will have a brief look at the health of 3M as a company, the potential fallout from the lawsuits, my opinion on whether I think 3M will go bankrupt, and then what I'm doing with my 3M stock right now.

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Thanks for stopping by and considering what I have to say. Having a single stream of income really is risky and one would be wise to seek multiple streams of passive income!

#Dividends #3M #3MLawsuit

[DapperDividends]

What do you think will happen with 3M and what are you doing with your shares of 3M stock?

[gmb]

As a secured lender for 40 years, I think 3M is taking the appropriate measures. They have untapped sources of liquidity available to them. Even if the aggregate settlements or adverse decisions exceed reasonable assumptions like Russ Knopf made, payouts could be structured to meet obligations over time. This would still be available if they won a reduction of liability by judicial appeal. 3M makes "staple" consumer goods that are not trendy or faddish. The only better collateral is to finance a hardware manufacturer or distributor. The product can set on the shelves for decades without rotting or losing utility value. The same applies to Post-It notes.

[joeschneider]

I sold a couple of months ago. I feel that juries will side with veterans in the lawsuits, even if 3M's arguments are legally correct.
Some of the trials from earlier this year were in Pensacola, a place with a high military population. There was a 77 million verdict against 3M in one of those trials.

[hill]

2:52 Who makes graphs that go from right to left?

[TheCookingDojo]

I still think 3M is strong enough to survive this. I haven't been buying more but I will definitely be buying more in the future

[citizenoftheyearCC]

Great editing - were you alluding to anything in particular when you said the big institutions make up the largest shareholders of 3M? :P

[TheOkiedodge]

The hearing issues are not "a few decades old". The issue here is they KNEW these earplugs didn't work and sold them anyway. It is tantamount to fraud. I agree on most of your other points

[davidlemmon]

Russ thanks for the video.. I am really trying to figure out if I will HOLD or just take a loss and SELL in order to sleep better at night... I wanted to hang on for the medical spin off BUT now the trial lawyers are trying to stop it... I feel like every day that passes this gets worse and worse..

[ringwoorm]

I think 3m by virtue of what the company does and how dominant they are in the types of products they sell are going to stick around and im buying more shares atm

Even though a recession is upcoming and theyre slowing down at the moment esp from the legal issues i still think they will remain stable theyre a solid company that will be around for many more years to come

[williamd]

If MMM cuts or suspends their dividend I won't hesitate to sell all my shares.

[Fatmetal]

Very nicely researched video, but what a headache MMM seems to be lol. I'd much rather own less risky companies, that are also growing much faster.

[harrismalberg]

Thanks for the video Russ! I plan on holding as I’m a strong consumer of their products. Like you said, if it reaches under $100 I will be putting more cash towards the holding.

[camai]

Great content in the video, I love the explanations on the ratios, and data.. MMM is a hold for me right now until the lawsuits shake out. Don’t currently have a posiiton

[mr.dividend.investor]

I just love 3M, I think it will be fine. Great video BTW. Aloha 🤙

[stonewallis]

Title “What investors need to know about 3M right now” 🤣🤣🤣🤣🤣🤣 classic!!!

[bmwuzwm]

I'm holding. MMM is a big company and they will come through.

[davidlemmon]

Would it be more prudent to sell out and wait for 2-4 years for all of the dust to settle and then just buy back? This might be a situation where timing the market might be better (YES I will take a loss)... Take your capital and go buy better investments...

[stonewallis]

It’ll be very pleasing to watch a 3M long break on camera when this dips below $90 I’ll be waiting for that video. I WILL LOVE IT😠

[billyjohnson]

MMM makes up 1.9% of my portfolio. I’m thinking of selling 1/2 and reinvest in another company. This can go either way. My thoughts are the stock will drop another 35% but in the end the amounts of the suits will drop a large amount. MMM will survive. People are jumping on the bandwagon on this suit with earplugs. It’s a big fraud.

[stevec.]

I'm just holding now but not buying more. There are to many other things to invest in, as everything is down, right now.