Ok, its August 5th and S&P still has not updated their rating on PG. The most recent report on that tiny stock, PG, is dated July 5, 2009 where they rated the stock 4 stars buy!
How does the S&P feel about PG now that they announced disappointing earnings? Who knows. Its been more than a month since their last update.
The stock was trading at $53.91 on Aug 5, the date of the report, today it’s trading at $51.87 with a dividend yield of 3.26%! This is a solid Blue Chip company with a dividend yield over 3%! You can’t get that kind of return out of a money market. PG is a good income stock, perhaps with the greatest potential due to emerging markets and retooling its key brands including discount brands which have excellent sales during economic downturns.
My average cost for PG is $51. 30. I think the stock could go as low as $48.56 in my opinion. Therefore as of today I am entering PG in for a buy at $48.45.
All PG Posts