MMM 2.875% 10/15/2027

3M Co.

Credit, Industrial/Transportation


Publicly traded companies mentioned herein: 3M Co. (MMM), Chemours Co (CC), DuPont de Nemours Inc. (DD),

Highlights

The presenter is short 3M's 2027 Series F Notes due on October 15, 2027, with the view that both the market and the company are underestimating ongoing restructuring efforts and the risks associated with two sets of litigation against 3M. These litigation risks could potentially double or triple the company's liabilities. While 3M’s stock has declined these risks have not yet been reflected in the credit and the outcome of the litigation could have a substantial impact on the company's valuation and risk profile.

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Idea Discussion

Commentor 1 - 2 weeks ago

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