paulmars

Five Great Companies to Buy at a Drop

Haven't they already corrected?
And, in CL's case, they have minimal impact from commodity inflation(see today's excellent quarterly report). If you do your homework property you'll see that CL's p/e rises during hard times, as money managers et al seek safe haven and recession-immune stocks like this are in great demand. Add to that the fact that CL is one of the best of the global growth plays around, having already established over more than a couple of decades a 40% worldwide market share(vs. just planning to do so, like many global wannabes).
And, their products are healthful(unlike Coke) and emerging citizens around the globe can easily afford upgrading to their oral health care brand, as the "per use" price is miniscule(a couple of bottles of Coke cost more than a tube of toothpaste).

Colgate is THE recession play that investors should be going into now, at currently depressed prices (stock was $82 last autumn). Going to $100 within 2 years ($4.50 x22 p/e).