Procter & Gamble (ticker PG) was always too expensive for me. It is fairly priced now February 17, 2009Posted by deminvest in Defensive Stock.
Procter is the most Global of Global companies. They invented modern marketing and own brands in every continent:
I have been looking at Procter for years. Procter owns World’s top brands, ranging from Gillette to Pampers, from Duracell to Pringles, from Oral-B to Tampax ( )
It was always too expensive for me. I simply could not afford its old P/E ratios.
Now, “thanks” to this crisis, PG shares are priced very reasonably:
P/E = 11.78
Forward P/E = 12.5
Both numbers seem excellent.
P&G even offers a juicy dividend:
Forward Annual Dividend Yield : 3.10%
It is highly likely that Procter and Gamble will be my choice for February stock investment.