02-06-2015, 12:19 AM
(This post was last modified: 02-06-2015, 12:19 AM by Dividend Watcher.)
I'm not interested in PG in the 80's right now. If were going to add, it would have a trailing P/E < 17 and a clearer outlook but that's with my short time frame. If I were younger, I'd wait for a much better price since you have time to be patient. What adds to my hesitance here is right now PG is facing too many headwinds: currency, too broad a product portfolio, trying to find an energetic & younger CEO. Lafley did well before and he's doing some housecleaning but he ain't no spring chicken and I think they need someone with bright new ideas to shake them up. My wife holds a small tranche with a high 70s basis but we're not adding more until it's a better value.
I agree with you Eric, CHD is a much better choice for you youngsters. I like most of their product line over PG (of the ones I use) and at much better prices. Now if it would only come back down a bit . . .
I agree with you Eric, CHD is a much better choice for you youngsters. I like most of their product line over PG (of the ones I use) and at much better prices. Now if it would only come back down a bit . . .
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan