Masks have come down to about $2.50 on the spot market (available right away) and right about $2 on scheduled deliveries. We (New Age) are authorized to sell bulk masks in orders of 10M or higher to Government, Health Care or Chartity end users (no brokers), so let us know if you know anyone who needs them. 3M is very strict, proof of funds, Non-Discloses, Letter of Intent required before they will even speak to you directly but, once someone goes through the hoops, they are getting their masks directly from 3M – no BS!
Let us know if you know someone with a need, we've been closing on 10-14-day cycles.
As a company, I'm liking 3M (MMM). They won't make much money on the masks but they are going to sell Billions of them for $2 and that will bump their revenues up considerably. $146.50/share is a market cap of $84.25Bn and they are dropping $5Bn to the bottom line so not super-cheap but not unreasonable – and they do have one of the hottest products on the planet. For the LTP:
| Year End 31st Dec | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | TTM | 2020E | 2021E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|---|
|
$m
|
31,821 | 30,274 | 30,109 | 31,657 | 32,765 | 32,136 | 32,348 | 31,770 | 32,997 | 0.197% |
|
$m
|
7,135 | 6,946 | 7,027 | 7,788 | 7,207 | 6,102 | 6,629 | -3.08% | ||
|
$m
|
4,956 | 4,833 | 5,050 | 4,858 | 5,349 | 4,570 | 4,971 | 4,932 | 5,357 | -1.61% |
|
$
|
7.49 | 7.58 | 8.16 | 9.17 | 9.18 | 7.81 | 8.52 | 0.852% | ||
|
$
|
7.49 | 7.71 | 8.03 | 8.34 | 8.46 | 9.35 | 9.49 | 8.53 | 9.29 | 4.54% |
|
%
|
+11.5 | +3.01 | +4.17 | +3.84 | +1.40 | +10.5 | +1.07 | -8.77 | +9.00 | |
|
x
|
16.0 | 15.8 | 17.6 | 16.1 | ||||||
|
|
1.95 | 2.61 | ||||||||
Sell 5 MMM 2022 $130 puts for $18 ($9,000)
Buy 15 MMM 2022 $130 calls for $29 ($43,500)
Sell 15 MMM 2022 $160 calls for $14.50 ($21,750)
Sell 5 MMM July $150 calls for $5.40 ($2,700)
That's net $10,050 on the $45,000 spread and we'll sell more premium along the way but the upside is about $35,000 (350%) as it stands so a great way to get started on a Blue Chip industrial.
/KC/Rn – I'd be patient but I agree it's a good buy.
Logic/8800 – Does not apply to this market.
