1 Industrial Stock With a Valuation Too Cheap to Ignore
Even generally well-run companies go through bad times. It is how the business world works, with bad times eventually followed by good ones. The key is to find companies that are struggling and thus have cheap stock prices but have the strength to make it through the pain to the good times. That is the likely outcome at 3M (NYSE: MMM).
Here's a look at the problems and the reason to believe the headwinds are temporary.
For starters, $70 billion market cap industrial giant 3M has seen its revenues grow at an annualized clip of 1.8% over the past decade. Net income, meanwhile, increased by a pretty anemic 3.3%. That's not much to write home about. While the company is aware of the problem and working on getting itself into a higher gear, that effort has been complicated by the lingering impact of the coronavirus pandemic.
Source Fool.com
