Colgate is listed as a corporate sponsor of Al Sharpton's 'National Action Network'. I wonder how wasting money like this adds to shareholder value?
"I wonder how wasting money like this adds to shareholder value"
Sharpton should be in jail.
There was at least a bid for $50.84. The first trade may or may not have occurred at that price because it quickly spiked to over $60. There was a lot of program trading in the being machine to machine driven by algorithms. Even so it is impossible to trade because of the gyrations and the tremendous volume. Very difficult to get the price you want.
Regardless of all the BS they read out at the beginning of the conference call it is all about the strong dollar. Until CL can compare earnings to a similar dollar we are dead in the water at $65 - $70 per share. There is at least another tough 2 quarters to go.
RANsquawk sources note talk that Unilever (UN) is in initial takeover discussions for Colgate-Palmolive (CL) – Unconfirmed
Sentiment: Strong Buy
Interesting, but of course, who likes a rumor more so than Wall Street!?
I've been a content CL long for a bit more than eleven years (and have reinvested every dividend). PG? Yup, I'm long PG as well; I'd prefer to see PG taken out!!
Hearing Unconfirmed Market Chatter of Potential Unilever Bid for Colgate-Palmolive
Shares of Colgate-Palmolive Co. (NYSE: CL) Tuesday, on unconfirmed market chatter that Unilever plc (NYSE: UL) is preparing a bid for the maker of Colgate Toothpaste and Palmolive dish soap. The premium would reportedly more than 20%, according to a source.
Spokespersons for Colgate-Palmolive and Unilever did not respond to requests for comment.
Colgate-Palmolive shares gained 1% Tuesday, closing at $66.03.
Sentiment: Strong Buy
Anyone heard anything more of these takeover rumors? There has been a great deal of M&A recently and the results have generally been explosive for both companies when announced (buyer and seller).
Sentiment: Strong Buy
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7:05 am Procter & Gamble beats by $0.05, reports revs in-line; guides FY16 ex-Beauty business (PG) :
•Reports Q4 (Jun) earnings of $1.00 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus Estimate of $0.95; revenues fell 9.2% year/year to $17.79 bln vs the $17.95 bln consensus. Organic sales were unchanged for the quarter as a three percentage point benefit from pricing and mix was offset by lower shipment volume.
•P&G said it is projecting organic sales to be in-line to up low-single digits versus fiscal 2015. Foreign exchange is expected to be a four to five percentage point headwind on all-in sales growth. As a result, the Company expects all-in sales to be down low-to-mid single digits versus fiscal 2015 results.
•The Company said it expects core earnings per share to be slightly below to up mid-single digits versus fiscal 2015 restated core EPS of $3.77. Strong operating profit growth is expected to be largely offset by a six to seven percentage point core EPS growth headwind from lower non-operating income and a higher core effective tax rate. P&G noted that foreign exchange is estimated to be a three to four percent negative impact on core EPS growth, with the vast majority of this impact affecting the first-half of fiscal 2016.
Colgate Announces 2nd Quarter 2015 Results
Strong Worldwide Organic SalBusiness Wire
6 hours ago
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive Company (CL) today reported worldwide Net sales of $4,066 million in second quarter 2015, a decrease of 6.5% versus second quarter 2014. Global unit volume grew 3.0%, pricing increased 2.5% and foreign exchange was negative 12.0%. Organic sales (Net sales excluding foreign exchange, acquisitions and divestments) grew 5.5%.
Net income and Diluted earnings per share in second quarter 2015 were $574 million and $0.63, respectively. Net income in second quarter 2015 included $65 million ($0.07 per diluted share) of aftertax charges resulting from the implementation of the Company’s four-year Global Growth and Efficiency Program (the “2012 Restructuring Program”), an effective devaluation in Venezuela and a previously disclosed foreign tax matter.
Net income and Diluted earnings per share in second quarter 2014 were $622 million and $0.67, respectively. Net income in second quarter 2014 included $54 million ($0.06 per diluted share) of aftertax charges resulting from the items described in Table 8.
Excluding the above noted items in both periods, Net income in second quarter 2015 was $639 million, a decrease of 5% versus second quarter 2014, and Diluted earnings per share in second quarter 2015 was $0.70, a decrease of 4% versus second quarter 2014. On a currency-neutral basis and excluding the above noted items in both periods, Diluted earnings per share increased double digit.
Gross profit margin was 58.2% in second quarter 2015 versus 58.6% in second quarter 2014. Excluding the above noted items in both periods, Gross profit margin was 58.3% in second quarter 2015, a decrease of 50 basis points versus the year ago quarter, primarily as a result of higher raw and packaging material costs.
Could it be that Sharpton has influence with people that brush their teeth, wash dishes and purchase colgate products?...just maybe?
They are taking massive profits after huge sell-off then buying to bring it back. Then unloading capturing the easy money. All Fed money at work they borrowed at 0% .