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.
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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