3M (ticker MMM) is a stock that I have looked at ten years ago right after the financial crisis but never gotten to buy. This is one of the biggest opportunities missed. The share price at that time hovered around $80 to $90 but collapsed below $60 after Lehman Brothers went down. It was trading at 10x PER and looked really interesting. However, with the state of the global financial system at its brink and this blogger could not muster the courage to buy the stock.
Since then 3M went on to quadruple its share price hitting $240 at its peak back in 2017. It has since fallen to $170 on the back of the trade war in 2019. Now that Trump and Xi secured an initial deal to reverse the trade war, it might be a good opportunity to finally own a piece of this spectacular company. The chart below...