Post by lookingforatenbagger on Oct 24, 2022 17:42:38 GMT
The Biden crash seems to have swept up the good with the bad and perhaps some tired, but steady companies need a look. PG is down ~20% which is not as bad as many. It's PE is 22, and it has a dividend yield of 2.8%. Not a screaming good buy today, but looks to have reached its 52-week low on 10/10/22, just 5% down from here.
"P&G shares currently trade at 22 times forward earnings. That multiple seems a bit elevated for a company expecting to generate low-single-digit revenue and earnings growth this year and was likely inflated by the flight toward safer blue-chip stalwarts throughout the current bear market.
Therefore, P&G isn't really a screaming bargain yet -- and its valuation could cool off again if the macro situation improves and investors pivot toward pricier growth plays again. It's still a solid long-term investment, but investors should maintain realistic expectations for its near-term growth and realize it could lose its luster once a new bull market starts."
www.fool.com/investing/2022/10/24/stock-market-sell-off-is-procter-gamble-a-buy/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
"P&G shares currently trade at 22 times forward earnings. That multiple seems a bit elevated for a company expecting to generate low-single-digit revenue and earnings growth this year and was likely inflated by the flight toward safer blue-chip stalwarts throughout the current bear market.
Therefore, P&G isn't really a screaming bargain yet -- and its valuation could cool off again if the macro situation improves and investors pivot toward pricier growth plays again. It's still a solid long-term investment, but investors should maintain realistic expectations for its near-term growth and realize it could lose its luster once a new bull market starts."
www.fool.com/investing/2022/10/24/stock-market-sell-off-is-procter-gamble-a-buy/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article