Haven't they used this excuse in previous quarter(s)??? Is there no course of action they can take to mitigate the negative effect of this....especially in Venezuela which I recall being specifically named previously. Why waste the time selling here if it has this effect on the stock price?
Yes, they have used this before, but it happens, and hedging is just a guess for short periods of time. If you want to go where the money is, which is where the consumers are, you need to be global. The most important thing is that top line case volume and revenue are still growing. Translating that money into dollars right now is a mess as the world devalues currency, but id has happened before and it doesn't last foreveras P&G and everyone else adjusts to it. If you didn't want to deal with any currency issues you'd only do business in your home country and only source from your home country. No a good long term strategy.
We are going to crash big time. This will destroy the US dollar around the World. P-Metal companies could get hammered also, and its the only real $$$ we still have!!! Corruption at its highest level!!!
Funny how PG always reports changes and people like you get #$%$. It is better than finding after earnings are announced. This will affect all similar companies, the other companies just won't warn and will get spanked when they miss at earnings time.
why would you want to pg will not get to $85 this year and if it did buy years end it will be right where it is now.lafely has again as he has done in the past made a mess as usual hard to believe he did not know this about emerging markets, 11th straight year pg will be dog of the dow!