Procter & Gamble - A Wonderful Company at a Fair Price - Warren Buffet
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“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Warren Buffet
Procter & Gamble is that wonderful company. One of my more recent purchases was PG - Procter and Gamble. PG has it’s hands in pretty much everything these days. From the time you wake up to the time you go to sleep you are more than likely using a product produced by PG.
You wake up in the morning, hop into the shower and grab a bar of Zest soap. You get out of the shower and it’s time to go and brush your teeth. You like to take care of your teeth so you use the well known brand Crest. After a good brushing you look into the mirror and decide that you’re in need of a shave.
More than likely you’ll be loading your face up with some Gillette Shaving Cream like Hundreds of Millions of other people do. After you’re all lathered up you grab your shiny new Gillette Fusion Razor that you traded in your Mach 3 for. You’ve been using your Mach 3 for years but hey, 5 blades is better than 3.
You’re on your way to the kitchen and you decide to grab a cup of Foldgers Coffee before you head off too work.
All is going well so far this morning but you spill some Coffee on the floor before you get out the door, no worries, you run back to the Kitchen and grab some Bounty Paper towels to clean up the mess. This does a quick job but we’ll go ahead and ask the wife if she’ll swiffer the floor while we head to work.
You’ve used all of these PG products before you even get to work for the day. This is why I Invest in PG. It has such a strong product line and they cover so many areas of your daily life. This is one of those companies that I could almost guarantee will outlive me. I do not expect all-star returns but I do expect it to slightly outpace the overall market and be a worry free Investment. PG is a portfolio anchor that you can build around.
PG has been growing their dividends at and annual rate of 11.8% the past 5 years. Not a bad growth rate at all. 11.8% leads to your dividends doubling roughly every 6.5 years. it’s current yield is 2.3% which is not a stellar yield by any means but it is above it’s their 5 year average. I picked it up $5 cheaper per share than it sits right now and you may be able to get in cheaper too but a buy now in my opinion would not be a mistake for the long term investor.
Procter & Gamble has the “Moat” that Warren Buffet so often mentions, It is a bullet proof brand and is steadily increasing it’s International sales. With Growth in China, India, and SE Asia I believe it has the room to continue it’s growing trend and will dominate the consumer world for many more years
Once I fill my portfolio up with some more stocks, PG will be a company that I’ll be looking to add to. it will always be on my purchase radar if it’s sitting at the right price
For a listing of PG products go here
So how many PG products do you have in your household? I have 4 and I live in a trailor in Iraq!
62 Comments on this post
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LAL said:
Not a bad thing. I favor more ETF investing and picking individual stocks that hit my fancy. I think my investing strategy is more risky than most. I also believe that the underlying fundamentals change for each person based on the situation they are in.
Soon we’ll be only in bonds if my DH starts a business. We’ll need to much cash on hand for a business startup and enough risk in starting a business to really be playing the market. The investment strategy will be investing in ourselves and the business.
September 23rd, 2008 at 4:02 pm -
oraphySybeare said:
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iijiiveiOctober 5th, 2008 at 7:00 pm -
LAL said:
Right now people are stocking up on non-perishables. But I have to wonder, with the skyrocketing prices, even after coupons the deals are far and few between. I use HotCouponWorld to maximize my deals, but women there are PROS!
They have been commenting that their are actually using their hefty stockpiles because the deals are not coming through on a typical 12 week cycle.
Which leads me to think companies like PG are hurting because they won’t make deals to encourage buying. Instead they are hoping to force the issue that people need it.
But what they haven’t figured out yet, is the number of consumers switching to generic store brands! I know this only because the couponers said it’s becoming more worthwhile to avoid name brand deals + coupons nowadays.
October 8th, 2008 at 9:10 am -
LAL said:
I am hoping this weekend we get a deal with Protor and Gamble soon, I am running out of bounty! Urgh.
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