3M Stock: Buy, Sell, or Hold?
Share prices of 3M (NYSE: MMM) are down around 20% from their 52-week high. But that's just the start because the stock has also fallen a huge 50% from its highs in 2019. The 5.9% dividend yield on offer from this dividend King is near the highest level in the company's history.
Here's a quick look at the arguments for why you might want to buy, sell, or hold this stock.
There's no question that 3M is an iconic industrial company. Founded more than 100 years ago, it started out with a massive failure (it was hoping to mine for corundum and instead found anorthosite). But that didn't stop 3M, as it ended up buying the abrasives it needed and pushing forward. And then it started innovating, something that has distinguished its business for decades at this point, introducing unique products that only it could sell.
Source Fool.com
