Split occurred well before "the weather". Are you suggesting if consumers experience harsh weather they will stop buying CL's products?
My post was meant to show that stock splits are not magic and that a company's fundamentals are the primary driver of its share price and not the actual pricing of its shares!
9 months ago, longs were all excited about CL splitting its shares, because the "cheaper" shares would increase demand for the shares and lead to a higher share price.
Well the "cheaper" part was correct LOL.
As one can see, splits really don't mean much; CL being a case in point.
Split announced 3/7 and CL closed at 57.71 (adjusted)
Split paid 5/15 and CL closed at 62.275
"Oh the humanity!"
Colgate-Palmolive Webcasts 2013 Fourth Quarter and Year-end Earnings Conference Call January 30, 2014 – 11:00 a.m. ET
Business Wire Colgate-Palmolive Company
22 hours ago
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive Company (CL) will provide a live webcast of its 2013 fourth quarter and year-end earnings conference call on Thursday, January 30, 2014 at 11:00 a.m. ET. The call will be hosted by Chairman, President and CEO, Ian Cook, and Senior Vice President - Investor Relations, Bina Thompson.
Investors may access a live webcast of this conference call on Colgate’s web site. For those unable to participate during the live webcast, a recorded version of the webcast will be made available through the ‘For Investors’ page of Colgate’s web site.
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About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom’s of Maine, Sanex, Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet. For more information about Colgate's global business, visit the Company's web site. To learn more about Colgate’s global oral health education program, Bright Smiles, Bright Futures™,
Bina Thompson, 212-310-3072
Hope Spiller, 212-310-2291
You are undoubtedly a compete idiot. Crawl away and get back under your rock.
Triclosan Ban & Controversy Will Bring Giant Class Action Lawsuits Against Colgate & several others in 2014
Study results strongly indicate Triclosan has caused serious damage to MILLIONS OF CONSUMERS FOR DECADES and the legal system will use this to profit with what will likely be record setting judgments.
There is a little company called PURE Bioscience (PURE) that has the solution to the continued sales portion of this mega billion dollar problem. They own a product that is perfectly safe to humans but deadly to pathogens and is the perfect anti-bacterial.
Right now, PG, JNJ and others are responding by removing triclosan from their products and replacing it with ethyl alcohol in liquid soaps and liquid products.
PURE Bioscience's "SDC" (Silver Dihydrogen Citrate) is the only solution for the industry because is has been proven to be perfectly safe and is the most effective anti bacterial in existence.
AVP should call PURE because if they don't, the competition will and it is obvious who will get the most sales.
PURE shares are only $1.30 and poised to ROCKET!
CL hit its all time high again, and technically is in a sell mode. I see it going to 62 near time for now. 59 is the 200 MVA and that would be the lowest if the markets go into a correction.
Colgate Announces 3rd Quarter 2013 Results
Strong Organic Sales Growth Worldwide
Business WirePress Release: Colgate-Palmolive Company – 3 hours ago..
Colgate-Palmolive Company (CL) today reported worldwide Net sales of $4,398 million in third quarter 2013, an increase of 1.5% versus third quarter 2012. Global unit volume grew 5.0%, pricing increased 1.0% and foreign exchange was negative 4.5%. Organic sales (Net sales excluding foreign exchange, acquisitions and divestments) grew 6.0%.
Net income and Diluted earnings per share in third quarter 2013 were $656 million and $0.70, respectively. Net income in third quarter 2013 included $24 million ($0.03 per diluted share) of aftertax charges resulting from the implementation of the previously disclosed four-year Global Growth and Efficiency Program (the “2012 Restructuring Program”) and costs associated with the sale of land in Mexico.
Net income and Diluted earnings per share in third quarter 2012 were $654 million and $0.68, respectively. Net income in third quarter 2012 included aftertax charges of $7 million ($0.01 per diluted share) resulting from the items described in Table 8.
Excluding the above noted items in both periods, Net income in third quarter 2013 was $680 million, an increase of 3% versus third quarter 2012, and Diluted earnings per share in third quarter 2013 was $0.73, an increase of 6% versus third quarter 2012.
Gross profit margin was 58.8% in third quarter 2013 versus 58.4% in the year ago quarter. Excluding the above noted items in both periods, Gross profit margin was 59.0% in third quarter 2013, an increase of 40 basis points versus the year ago quarter
This is a stock to be held for the long term. In August 1982, just before the great bull market (1982 - 1999), Colgate sold for 68 cents per share adjusted for splits. In December, 1999 the stock sold for $32.42 a gain of 47.7X. Since then it has less than doubled, because of high commodity prices and the financial melt down. I believe we are about to enter a new great bull market as we did 3 times in the 29th Century fueled by lower commodity prices. Stock cycles are all about commodities. This $60 stock is getting ready to launch along with the other consumer non - durables and food stocks.