/biz/ - Business & Finance

Anonymous Sat Jun 8 13:04:01 2019 No.14059957 [View]
File: 23 KB, 400x267, scotchgard-paint-protection-film.jpg [View same] [iqdb] [saucenao] [google]

Can you please explain the investment case for MMM? I knew of Scotch tape or Post-it notes, but not 3M so I did research. As far as I can tell they are a chemical company that makes adhesives/coatings marketed as 50,000 different products. I also don't think their peer group includes GE, Honeywell and Siemens but rather BASF, DowDuPont and Henkel.

What makes 3M glue or film special and worth buying? I don't see the competitive advantage or moat. Maybe it doesn't matter because investors jerk off to its status as a dividend aristocrat?

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