3Sem.·

Phoenix from the ashes

3 M or MMM has risen 90% in the last 12 months. Once a dividend favorite with 1000% price increases.

What happened?

Several lawsuits and restructurings halved the share price. After spin-offs and dividend cuts, the stock went quiet in 2023/2024.

Completely under the radar, 3M has outperformed every MSCi, S&P and Nasdaq reference in recent weeks and months.

I also pursued a dividend strategy with this stock many years ago. Even before there was GQ, I will soon be back at the EK.

What now?

What happens next?

But what do you learn from this?

No matter which strategy you follow: dividends, turnaround, ETF, high runner, recommendations from XY, the stock market is always a risk/opportunity in terms of profits/losses.

Let yourself be motivated, stay tough, look for a strategy, only after years will you realize the result

There is no right or wrong, not even a free ride with a positive return.

So long

Smudo

17 Commentaires

Solitair@Solitair

3Sem.

I genius sold them after the dividend cut. 😭

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Florian Keil@Bavarianholder

3Sem.

@Solitair There are already two of us 😂

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Dividendenopi👴@Dividendenopi

3Sem.

@Bavarianholder welcome to the Clubi 🙈🙉🙊

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MarTheRadi@marda304

3Sem.

@Solitair Drei 😬

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HyFive@HyFive

3Sem.

Not the 4th, I had bought more. 🤫 Sorry guys but the stock market is evil 🫣

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Stefan Schmid@Paladium

3Sem.

@Solitair I won't say anything about it now. 🙄🤦🏻

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teschi@teschi

3Sem.

And I managed to sell my 12.5 Solventum shares at the lowest point on 8.7.24 at €42.49 😅

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Tom@Tom_laeuft

3Sem.

@Solitair I am the 4th😁

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Felix@Shareholder

1Sem.

@Tom_laeuft Number 5 here ....In retrospect, that was the wrong decision... :(

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Claudius@Cloud7

2Sem.

I was on the verge of spinning them off because of the lawsuits. But I decided to wait and see if they were allowed to spin off problematic subsidiaries and I'm glad I waited. 😁

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Kevin E.@KevinE

2Sem.

@Cloud7 I am also satisfied. I didn't think about selling (I had a savings plan for less than €110, which was quite a while), but I didn't have the courage to make a big investment now.

Sometimes you have to trust your instincts more.

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Claudius@Cloud7

2Sem.

@KevinE yes, you're right, but there was also a certain risk that the spin-off(s) would not go through and then things would have looked very bad with regard to the legal proceedings over Pfa's. So I think the luck factor also played a big role here :D

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TomTurboInvest@TomTurboInvest

3Sem.

A nice example of a price turnaround 😀
In the shadow of the mainstream, there are always great opportunities to boost your portfolio.

As always, the trick is to hit the bottom. But you can add a few turnaround candidates to solid companies.

My favorites in the recent past were $RDC and $ZAL
$BRBY is now also ok again, although I caught the fire rather than the ashes 🤣

PS: do you think $MMK is ready?

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Smudo@Smudeo

2Sem.

@TomTurboInvest phew, I haven't dealt with $MMK yet. What do you think about $LNZ

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TomTurboInvest@TomTurboInvest

2Sem.

@Smudeo 😅 I haven't looked at Lenzing in detail yet. But if I just take a quick look at the share price over the last 15 years - it could fit into my prey pattern👆 for turnaround candidates. But I would also have to take a quick look at the funtamentals, which is the reason for the price trend.
PS: what was going on on 14.01.? There was still 10% to the gap close😁

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Kapitän K.@PalmPirateTechnocrate

2Sem.

i wanted to go shopping, but i didn't. well, stock market!

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Marcin Kummer@MartyMcFly

2Sem.

Many people only look at 3M's dividends, but 3M's secret is its R&D moat. I've been using their products since the nineties and would never switch to alternatives. It's a great company that I want to be a part of.

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