02-06-2015, 12:26 PM
(02-06-2015, 07:39 AM)benjamen Wrote: 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?
JNJ is obviously also one of the companies that most of us either have or we have at least taken a look at during the years. Personally I thought it was too expensive for quite some time but now it's sliding back into buy range.
However while it does have a lot of similar characteristics to PG, obviously the two work in completely different sectors.
Also something that I noted from the last Q report by PG. The main (only?) reason for worry was the strong dollar. Seeing as I live in Europe the lower than expected earnings are compensated with a stronger than expected dividend due to currency exchange rates.
PG is going down today, current yield just hit 3.00%.