The Case for Buying 3M Stock Is Perplexing

It isn't easy to know where to start with 3M's (MMM -0.97%) fourth-quarter earnings and full-year 2024 guidance. With the disappointing sales performance, the weak sales guidance, the margin outlook disappointment, or the earnings and cash flow guidance that leaves the company looking like an outstanding value stock? There's a lot to unpack here.3M's management disappoints on sales againThe industrial stock is down nearly 30% over the last decade and slightly more than 50% over the last five years. One of t ...