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Warren Buffett didn't provide a ringing endorsement for Procter & Gamble (PG +1.1%) in a CNBC...

Warren Buffett didn't provide a ringing endorsement for Procter & Gamble (PG +1.1%) in a CNBC interview (video) today, indicating he doesn't have a solution in mind for the company's stumbles. Typically not shy to back favored names, Buffett says the "jury is out" on P&G.
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Comments (3)
  • rjj1960
    , contributor
    Comments (1370) | Send Message
     
    I think P&G will do fine up until they introduce the dirty dozen. A shaving razor with 12 blades. FYI, there items are over priced by a mile. That is the problem.
    24 Oct 2012, 02:26 PM Reply Like
  • RSRinehart
    , contributor
    Comments (461) | Send Message
     
    Nobody needs a damn razor with 12 blades, or 8 blades or 6 blades. Hell, nobody needs a razor with 4 blades. As a consumer and shareholder, it pisses me off when P&G reduces the package size of a product and the price still goes up. 25% less product for 25% more cost. Of course, the price increase could be as much a retailer action as a producer action. I suspect it's both.
    24 Oct 2012, 05:18 PM Reply Like
  • artful14
    , contributor
    Comment (1) | Send Message
     
    I agree with the above. Last couple of years PG has increased profits by raising prices, instead of raising sales.
    24 Oct 2012, 04:50 PM Reply Like
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