- My colleague Michael Carter contends that PG's long-term prospects are not appealing.
- Claims that the company may struggle with managing its brand portfolio and innovation are not major concerns.
- For defensive blue-chip investors, PG still represents as good an opportunity as any.
- PG's expanded earnings multiple is largely the result of market re-rating, not single-name expectations growth.
- PG's long-term future is fine, and the company's current valuation may even merit a short put option play today.