Home>Topics>>Procter & Gamble: Still A Long Candidate Despite Recent Price Appreciation
Procter & Gamble: Still A Long Candidate Despite Recent Price Appreciation
Long Investing Ideas from Seeking Alpha
Thu, 14 Feb 2013
By Stock Gamer : Shares of Procter & Gamble ( PG ) have appreciated by 27.9% since they reached the 52-week low of $59.07 in June 2012. At $76.56, the stock is trading near the 52-week high at $76.69 just achieved recently and offers a solid 3.0% dividend yield. Is a buy rating still warranted ...
Morningstar's Lauren DeSanto thinks that P&G's scale and investment in product development will allow it to serve consumers regardless of the economic backdrop.
Large-cap firms like Coke and P&G aren't the massive bargains they were in the downturn, but they still look attractive in light of their safety, dividend yields, and competitive advantages.