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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 683.41+0.2%4:00 PM EST

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To: Johnny Canuck who wrote (59151)5/7/2024 11:24:35 AM
From: E_K_S  Read Replies (1) of 67563
 
Been building a position in SOLV. MMM unloaded a lot of debt so has yet to commit to a div yet. Preliminary review based on financials has SOLV PE at 12x.

Solventum (SOLV), on April 1. And get this - that healthcare arm was responsible for roughly 30% of 3M's cash flows
Was not aware it was that high. If so, when they do start a dividend, I expect it to be good along w/ growing FCF. Wonder if management will set a 40% or lower dividend coverage?
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