3M shares are predicted to 'head higher' and unlock value after its healthcare business spin-off (expected April 2024), similar to other conglomerates, while investors collect a nearly 7% dividend.
"lately we seen other conglomerates like General Electric spin-off segments over the last few years and see the shares jump as they unlock that value that could happen with 3m even if it takes a while the shares are trading very cheaply here and the fundamental business case for this company is still good you're going to earn that nearly 7% dividend while you wait for these shares to head higher"