The Cincinnati local paper reported that P&G makes 26% of global sales from Europe and the United Kingdom is the largest country that P&G deals with in the EU. The article states that Bretix will add to P&G' and other multinationals foreign exchange woes . Henkel is purchasing Sun to go after P&G mid tier laundry detergents and Walmart is already pushing Persil rather than Tide. With already decreasing sales and these added problems, it may be wise to consider shorting P&G.
If England leaves the euro this would certainly raise the Greenback and hurt multinationals who were looking at a weaker dollar. Britain should do what is best for themselves but US companies will certainly feel the results.
Osuildrool, are you satisfied with P&G's last two years of dividend increases? It seems that the company is not willing to allow the free market system to establish the stock price without the company purchasing shares. Shareholders are only receiving a benefit from share buybacks if they sell shares. If you are a buy and hold share holder you would be better off with a reasonable dividend increase, at least enough to match inflation and if you are using your dividends to purchase additional shares a lower price would add additional shares. Your thoughts ?
Share holders can only hope he takes Moller and all the others involved in paying 57 BILLION for Gillette which drowned P&G in massive debt with him. Wonder if Taylor recognizes that the 3 day old beard is the latest craze for young men ? Hey Taylor, climbed down from the Ivory tower and take a look around will ya !