01-30-2023, 12:18 PM
Added to CM.to and MSFT.
Also sold out my tiny position in PG a few weeks back. I still like to idea of owning consumer staples, and I don't think there is anything wrong with PG. But there are too many things going against it now:
-it's very expensive compared to it's growth prospects
-at least Europe is going into some sort of a recession (not sure about the US, I guess that's possible too) which will hit PG relatively hard
-strong USD will be a big drag on the earnings
Also sold out my tiny position in PG a few weeks back. I still like to idea of owning consumer staples, and I don't think there is anything wrong with PG. But there are too many things going against it now:
-it's very expensive compared to it's growth prospects
-at least Europe is going into some sort of a recession (not sure about the US, I guess that's possible too) which will hit PG relatively hard
-strong USD will be a big drag on the earnings