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  • Lenny Ricciardi
    Participant
    February 19, 2020 at 12:53 PM
    Post count: 43
    #13755

    Hello Sean – I’ve been watching 3M and their stock has dropped and reached a resistance point , as you know they are a very large and profitable company, $91B mkt cap, good EPS, great free cash flow, good dividend, debt is at a ok level – would you recommend investing in this company at this time?

    Sean Hyman
    Moderator
    February 19, 2020 at 1:15 PM
    Post count: 6742
    #13757

    At this time, they would not make the cut for our Logical Investor portfolio. They don’t keep enough cash on their books for their size, in my opinion. They were overly-loved as of early-2018 (so no value to be had) and they keep breaking down on their long-term chart. So, they just don’t appeal to me right now. If the stock price got slammed MUCH further for a considerable amount of time, there may come a day when it would be on my radar. But that’s a long ways away, if ever.

    We ideally want stocks with better fundamentals than this.

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    Lenny Ricciardi
    Participant
    February 19, 2020 at 1:58 PM
    Post count: 43
    #13775

    Thanks Sean for the quick reply and the chart. Appreciate it.

    Sean Hyman
    Moderator
    February 19, 2020 at 3:08 PM
    Post count: 6742
    #13782

    You’re welcome. Glad to have helped.

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