Jun 23, 2021Liked by Tiago Dias

Thank you for such a detailed posts but I'm interested in knowing your rationale behind your comment "Should the price per share go down to $150 I will seriously consider buying more".

At $150 the stock is trading what is deemed fair value looking at the valuations and not at a discount so why would you consider buying it at that price instead of say $120? Am I missing something?

Thank you again for providing valuable insight.

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Good point! Looking back at what i wrote I think my wording in part 2 was a bit unclear as to what I meant.

In general I consider the Margin to PE method to be the most accurate way to judge the valuation of a company, and that method gives a value of around $190 per share to 3M. That in itself however doesn't provide sufficient margin of safety, hence why I am open to buying more at $150 and not $190.

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