Wouldn't sell 3m... Biden will probably make masks compulsory or at least much more used and 3m make a lot of masks
ok, then i sell the others and buy 3m
thanks
If you're in it for the long term, you should absolutely not sell 3M but not because of any short-sighted mask argument. That's a very shallow way to look at a company like 3M. They are not a "mask company", that's only a tiny fraction of their revenue and not at all a core part of their business model.
You should buy and hold them because
1) they are currently at a low price. Because they are an industrial company, now is a good time to buy.
2) their business model is innovation, not making some trendy product and selling it. Their entire business model is based around a spoke model with molecular and nano inventions and innovations at the center. Once they make a core innovation they then find numerous sectors to apply their technology. They make Scotch Tape but their adhesive technology is used in everything from dental fillers to the space station. A century before Google they also innovated the "free Fridays" workweek where their engineers have the freedom to work on whatever project they feel like, not bound by annoying managers trying to micromanage their time.
3) because of their innovation-based business model, they are extremely diversified and spread across many sectors. Their mask business could disappear overnight and it would hardly affect them long term. Their dividends have been increasing for over 50 years.