MMM Chart, page-33

yeah not a bad POV - I think we can look at some of the correlation between MMM and Kogan, Temple and Webster, even Doctor Care Anywhere, all of these stocks that had covid tailwinds have continued growing... we can question if food is moving online in the same way, and I think Hello Fresh's result last quarter proves that the market is still growing phenomenally. I think the market forgot that they had invested massively in expanding their network of fulfilment centres, now that these are operational we should see better efficiencies that should lift -> customer experience -> sales -> decrease investing costs -> improve EBITDA.. let's see!