04-15-2014, 12:06 AM
I think it's part based on past performance and part on the expectations of non-US market opportunities. CL has had great returns exceeding PG over many time frames.
It's on my watch list too. However I won't pay over a 20 P/E for anything again (except with dividend reinvestments) and am content to watch and wait. We'll probably have to wait for the next recession before we see it selling at a decent value again. In the meantime, there are other fine companies out there. Noticed UL finally ticked up over a 20 P/E recently. Glad I brought it up to about a full position a month or so ago.
It's on my watch list too. However I won't pay over a 20 P/E for anything again (except with dividend reinvestments) and am content to watch and wait. We'll probably have to wait for the next recession before we see it selling at a decent value again. In the meantime, there are other fine companies out there. Noticed UL finally ticked up over a 20 P/E recently. Glad I brought it up to about a full position a month or so ago.