What I Am Buying Today.

[fenders53]

(02-17-2022, 12:18 PM)lucas03 Wrote: nope, no DD. I already had it in the portfolio in small position, and as MMM was one of few dividend companies I have in red, MMM with 4% dividend yield sounds too interesting to me.

I was responding to Genester.  

I actually do want to own 3M.  I've used so many of their quality products in industry.  The litigation is a mess because that is our judicial system at present.  The awards are ludicrous.  IMO it's OK to nibble now, but foolish to back up the truck.  To put things in perspective, and all this is speculation.

Best case they pay out $2B and some of that has been awarded, worst case about $55B.  I'm pretty sure 3M currently has about $5B cash on hand.  It won't be good if they have to borrow the money to pay litigants.  I don't even have a guess where it ends but it's not good for dividend growth, or maybe even the base dividend.