What's going on with 3M Company? The Q1 earnings report led to the company's worst month in at least a decade, and concerns over its future growth prospects. SA author Michael Boyd argued that this was overdue, and that there are more fundamental issues going on. Does that make sense? We review the company's recent challenges, its history of innovation, and its dividend-oriented investor base to try to find some answers.
Topics Covered:
3:00 - Setting the scene with 3M's slowing growth picture 8:30 - The upper bound of growth for a 120-year-old company 11:15 - The corporate culture at 3M and its innovative history 15:30 - And then the recent track record of missing guidance 21:30 - Credibility, macro headwinds, and what to make of the misses 27:15 - The DGI mindset - appropriate or ostrich-like? 33:45 - Where does MMM beat an index?