Disclaimer:
1. I'm from Minnesota and still live here so I'm used to cheering for underperforming sports teams and maybe in this case an underperforming company.
2. I pretend to be able to read charts and I have never read a book on technical analysis.
3. I am not a financial advisor, in fact, I can't even balance my own budget.
4. I spent two years at ALC, as in Area Learning Center, not to be confused with the prestigious Alice Lloyd College.
5. I live in a city where 3M has poisoned the water and therefore could be suffering from brain issues due to my consumption of chemicals.
With that being said, a conservative investor may want to take a look at the support established here. It seems to me that MMM is beginning to reverse. As I see it we are looking at about 15 days to stop the spread...I mean 100 days to get to $208. If my prediction is correct we're looking at about a 13%+ return plus a .8% dividend which goes EX on 11/18. Assuming we get to that price and you decide to hold for a couple more weeks you would get another .8% div.
All of this assumes that Papa Powell doesn't make printer go burr the entire time and that President Poopie pants doesn't do anything too drastic. Supply chain issues may completely destroy this idea, but MMM being the beast that it is may just be strong enough to Hold the Line, prime, and then blast far past my prediction.
1. I'm from Minnesota and still live here so I'm used to cheering for underperforming sports teams and maybe in this case an underperforming company.
2. I pretend to be able to read charts and I have never read a book on technical analysis.
3. I am not a financial advisor, in fact, I can't even balance my own budget.
4. I spent two years at ALC, as in Area Learning Center, not to be confused with the prestigious Alice Lloyd College.
5. I live in a city where 3M has poisoned the water and therefore could be suffering from brain issues due to my consumption of chemicals.
With that being said, a conservative investor may want to take a look at the support established here. It seems to me that MMM is beginning to reverse. As I see it we are looking at about 15 days to stop the spread...I mean 100 days to get to $208. If my prediction is correct we're looking at about a 13%+ return plus a .8% dividend which goes EX on 11/18. Assuming we get to that price and you decide to hold for a couple more weeks you would get another .8% div.
All of this assumes that Papa Powell doesn't make printer go burr the entire time and that President Poopie pants doesn't do anything too drastic. Supply chain issues may completely destroy this idea, but MMM being the beast that it is may just be strong enough to Hold the Line, prime, and then blast far past my prediction.