Procter & Gamble's Report Shines
We recommended Procter & Gamble (PG) a number of times last year, and more recently at the start of this January, as a solid, dividend-paying stock that also had good upside potential. Part of our buy thesis was based on a belief that Procter's disappointing results and management missteps in 2011 and 2012 would force its board and management to do better in operating the company for shareholders.
Procter & Gamble just reported better-than-expected revenue of $22.1 billion, compared with an expected $21.9 billion. Earnings per share had an even bigger beat, coming in at $1.22, compared with $1.11 consensus expectation....373 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.