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3M Company (MMM) is a popular value stock given its strong free cash flow and cheap valuation. Moreover, investors shorting out-of-the-money MMM puts are making good income with high yields.
MMM is at $135.09 in midday trading on Monday, Oct. 7. It has risen consistently since its July 26 Q2 earnings release. The company produced strong free cash flow (FCF) results. As a result, MMM stock has a cheap valuation.