07-24-2017, 03:12 PM
(07-22-2017, 01:04 PM)crimsonghost747 Wrote: Time to bump this age old one. :p I notice there hasn't been much talk about CL in the past couple of years, yet I've got a feeling that it's still in the portfolio or watchlist of quite a few of us.
What are your current thoughts?
I just don't see how it's a $70+ stock right now. Revenue and EPS are stagnating, even with the share repurchases the EPS just isn't going up, and this is a long term thing already. I bought mine a long time ago so I've been ok with the performance, I think the last chunk I got somewhere around $64 and haven't really felt like buying more since then. But now I'm seriously considering selling after the most recent quarterly report.. I just don't see anything positive happening right now and even at today's close-to-ATH markets I feel like I can find better places for that money.
CL is one that I've never bought because I've always felt it was too expensive and would be impacted by generic brands.