Did I Sell 3M Stock Too Soon?
I have key thresholds for reconsidering my commitment to a stock, and 3M (NYSE: MMM) recently passed through one. Given the broader legal and regulatory situation at the company, I chose to sell most of my shares and put the cash to work in a different industrial stock. Although I did this very recently, a big breakthrough appears on the horizon on a key legal headwind. Should I change my mind on 3M stock?
The big-picture reasons for my purchase of 3M boils down to just a few points. The company has a long and successful history behind it, highlighted by its ability to increase the dividend annually for 65 consecutive years. It is a Dividend King. You don't build a record like that by accident, noting that the list of headwinds over that span is pretty big and includes, for example, the high inflation of the 1970s, the technology bubble in 2000, and the Great Recession.
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Source Fool.com
