I have added 10 cents a share extra to the most optimistic earnings forecast and still come away with PG being way overvalued....Momentum is in the market looking for a home.
Owning this stock long term is better than having the money in a bank CD. It slowly but surely improves in value. A good method of investing in this stock is to buy, hold and reinvest the dividends. Great company for long term holding.
I suggest just buy and hold this stock for decades. It will all even out and when you reinvest those dividends you will compound your wealth. Just look at the long term chart. Nothing wrong with that, right?
Your laughing your #$%$ off because you think a slow growing consumer staple company growing revenues at 4% and earnings at 6-7% should be selling at15-23x earnings??? as in the case of JNJ and PG.....JNJ is being bought by poeple not caring about valuation becasue the federal reserve has printed so much money and kept interest rates at zero they need a place to go..JNJs 3% yield looks pretty good vs zero at the bank...Idiots like you are buying into it these stocks not knowing how to value a company...just becasue it is going up doesnt mean it isnt expensive and overvalued..time will be the ultimate judge....
If you're looking to make a quick buck--go ahead and sell this stock (and good luck with that). If you want to retire someday, buy this stock, forget about it for 25 years and then be happy.
Had it since 72, was a great company now run by MORONS, yes has good div, but stock price has been a JOKE, Family has over 25,000 shares used to buy all the time have not bought any PG in 6 years does that tell you something, Just poor mang, and greed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
i sold it already at $76..Im just trying to figure out what the frenzy is to buy this stock now at 19x earnings when the fundamentals are the same. even the dividend is below 2.9%....its the fed forcing people into stocks...its scary....