02-06-2015, 07:39 AM
(02-06-2015, 12:19 AM)Dividend Watcher Wrote: 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 like and own PG, but I purchased the stock back when it had a much lower P/E and higher dividend yield. At the moment, why not pick up JNJ with it's 18 P/E?