Colgate-Palmolive Webcasts 2014 First Quarter Earnings Conference Call April 25, 2014 – 11:00 a.m. ET
Business Wire Colgate-Palmolive Company
April 11, 2014 10:47 AM
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive Company (CL) will provide a live webcast of its 2014 first quarter earnings conference call on Friday, April 25, 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, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom’s of Maine, Sanex, Ajax, Axion, Soupline, and Suavitel, as well as Hill's Science Diet, Hill's Prescription Diet and Hill’s Ideal Balance. 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™, gate-Palmolive Company
Bina Thompson, 212-310-3072
Hope Spiller, 212-310-2291
I agree with what you quoted. The key is companies that split do historically do well. I contend that this is the case whether their shares cost X or X/2. Good companies perform well, over time their shares do well and then they may split their shares. Splits are an end, not a means.
"Information is not always available when you include many of the perks so you are wrong there."
No, you are wrong.
Refer to page 37 of Colgate's proxy statement, dated 3/26/14.
You will find "Summary Compensation Table" which includes "All Other Compensation" (second to last column, with the last being TOTAL compensation).
Finding this info took me two minutes; see the information was and is "readily available".
richard, remember RIF!!!!
I wrote: "I certainly can sympathize with those who are or will be affected."
Does that convey that I "do not care about Americ (sic) and it's future"?
You were all over the place with your initial post. Not many, if any, Americans are not moving to India, so why oh why did you write about the lack of "safety and environmental standards" in Mumbai?
Next time try harder.
Last year a study of all U.S. stocks that split their shares by a factor of at least 1.25-to-1 between January 1988 and December 2007 showed evidence suggesting that splits are an "indication of sustained strong earnings going forward." It therefore shouldn't be a big surprise that split stocks outperform other high-price stocks that don't undertake a split.
You are partially correct. Colgate is also transferring jobs from two plants one in Texas to Morristown Tn. and one in Morristown NJ to a location in rural SC. What you need to understand is that Colgate is a "Global" company and less than 25% of its revenue is generated in the US. Just so you understand I was one of the very first people impacted by this most recent restructuring. I was pushed to "retire" after more than 32 years of service well before my normal retirement age. I suspect you are attempting to influence the stock price to cover a short position. If not you should do a little more research and get more of your facts straight.
I still own stock and actually think that some of the decisions are well justified. I also suspect that this cycle will reverse at some point.
Information is not always available when you include many of the perks so you are wrong there.
Sending jobs offshore means people lose good jobs here,
Safety and environmental standards? Yes. The biuildings they work in aren't up tp our standards. The cars they drive do not meet are standards, etc. etc.
Finally, I am an American and care to keep jobs in America. It is clear that you do not know how many companies have been bought out by Colgate in large and small communities and the losses to those communinities due to the losses in those jobs.. These are American communities with American families. These are the families that made these companies successful. Maybe you do not care about Americ and it's future. I do.
Assuming what you wrote is accurate, I certainly can sympathize with those who are or will be affected.
A lot of companies offshored jobs YEARS ago, what took CL so long to do so?
"I wonder how much the CEO of Colgate and many of the senior management take home in pay and bonuses."
Why "wonder"? This information is readily available.
"Certainly, Mumbai does not have the safety and environmental standards of the U,S,"
You're "talking" about "finance and IT groups" and then you include "safety and environmental standards"???
The finance and IT groups in Colgate and theirsubsidiaries like Hills and Toms's of Maine are losing their jobs which are going to India and Mexico. Offices in Atlanta, New York, and across their subsidiaries are experienciing many layoffs. Worse yet, the people losing their jobs have to train many of their replacements from those countries, Sooner or later we all pay the price as good jobs leave the U.S. People who lose those jobs do not in mant cases have the income to sustain their present life styles. I wonder how much the CEO of Colgate and many of the senior management take home in pay and bonuses. They have nothing to worry about. Are you worried about the economy and the weak recovery? Is the playing field fair? Certainly, Mumbai does not have the safety and environmental standards of the U,S, Sooner or later these decisions to move good jobs out of the US and pay the executives high salaries and bonuses may impact you.
The stock is trading at a premium price. PE based on $3.01 earnings per share in 2013 (average analyst's estimate) and current price of $64.28 is 21.35. Yet the growth rate is only 6% from '13 to '14 and 10% from "14 to "15. This is a pretty expensive stock and would not expect much in the way of price appreciation for quite some time. One thing they do have going for them is commodity prices have stabilized or in some cases have gone down which could lead to surprise increase in earnings. Buy backs and dividend increase will help. A lot of the price is based upon predictability. AS long as they keep on building for the future a few years down the road there will be another breakout.
"If CL hadn't split and was $124-125 a share it wouldn't being doing much right now either."
CL would most likely be trading with a similar yield, PE etc.
Unlike some, I realize that splits are not magical.
Stocks split because their shares HAVE increased.
But splits, by themselves, do not make a company's shares magically increase.
Yes, the div increase was a tad less than anticipated, but...my quarterly payment will be 85% greater than it was 5/15/09 (I reinvest my divs).
I initiated my CL position ten years ago this month (and added a few more shares at a lower level six months later...now had I only stuck with CL; a year later I initiated a position in PG)
Compared to other years, on a percentage basis, this is the lowest in 10+ years. Only the 2012 increase can compare to this at 6.9%. Lets see what PG does in April. Just for comparison sake.
CL just announced a dividend increase of approximately 6%, from 1.36 to 1.44 per share/per year. Congratulations to all CL longs.