Workflow
A Bold Prediction: I Believe 3M Could Double
MMM3M(MMM) Seeking Alpha·2024-01-02 17:15

Vladislav Stepanov Introduction One of the first things we're doing in 2024 is taking another look at one of America's largest industrial companies. Founded in 1902, 3M Company (NYSE:MMM) has a 60billionmarketcap,whichmakesitaheavyweightinitssector.However,asmostinvestorsknowandhavefeltintheirportfolios,thecompanyusedtobemuchlarger.Inearly2018,thecompany′smarketcapalmostreached60 billion market cap, which makes it a heavyweight in its sector. However, as most investors know and have felt in their portfolios, the company used to be much larger. In early 2018, the company's market cap almost reached 160 billion, which was followed by a steep decline triggered by economic headwinds, litigat ...