Another quarter, and another disappointing performance from industrial giant 3M (NYSE: MMM). The company is not in a great place right now, and management has its work cut out to turn things around. That said, the stock's 3.2% dividend yield (backed by substantive cash flow) will attract some investors, and you could build a case for the stock based on a restructuring turning around its prospects.
Image source: Getty Images.
On a headline basis, the fourth-quarter earnings were disappointing, and the market gave its immediate verdict by taking down the stock price by nearly 6% on the day of the report.
Source Fool.com