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  • Church & Dwight's Impressive Growth Through Acquisitions [View article]
    Comparing CHD to or implying that CHD is in a league with PG or JNJ is ludicrous. CHD is but one more legacy brands companies that acquires brands in which bigger guys no longer see potential. The only way they can compete is on price and promotions that erode the bottom line.

    In the event that an investor is not familiar with PG, the author qualifies PG as "the company that makes Tide laundry detergent". The only way CHD will take market share from Tide is to support BoGo promotions. I never see Tide on BoGo.

    Long: JNJ, PG
    Aug 11 09:05 AM | 2 Likes Like |Link to Comment
  • Procter & Gamble: Time To Get Going [View article]
    Sharon, there are plenty of jobs that pay more than minimum wage. I live in Florida where there is a shortage of people who can service air conditioners. However, no one wants a job where he or she must crawl into an attic where the temperature may be over 100 degrees.

    Over-the-road trucking jobs are going begging, but people do not want to be away from home overnight.

    There are jobs in the energy business, but people do not wish to relocate.

    A higher minimum wage is to reward people for mediocrity. That has consequences for a nation. However, it will satisfy the ambitions of those in the political class.
    Aug 11 08:03 AM | 1 Like Like |Link to Comment
  • Is Schlumberger's Recent Weakness A Buying Opportunity? [View article]
    I agree. A 1.5% yield is a "dividend in name only".
    Aug 11 07:56 AM | 1 Like Like |Link to Comment
  • Procter & Gamble: Low Risk, New Growth Plan, Solid Dividend [View article]
    I enjoy the interaction with peers. We all learn from one another.
    Aug 10 11:22 PM | Likes Like |Link to Comment
  • Procter & Gamble: Low Risk, New Growth Plan, Solid Dividend [View article]
    >>>No CL does not have a large oral care business, that is mainly dominated by Colgate-Palmolive, PG, and Church and Dwight<<<

    Aren't CL and Colgate-Palmolive one and the same?

    >>>However PG is very good at brand management, especially with its Tide laundry detergent. I know one major grocery store chain got rid of the product because the margins were too small and there were major protests to bring back Tide so laundry detergent is definify creates more loyal customers.<<<

    There are brands that if not found on the retailer's shelves, the consumer shops elsewhere. PG is one of the few with such brands.

    >>>Thirdly, with food and beverage brand loyalty is nonexistent as seen with the big switch to generics, the endless competition, and the focus only on price. I think McDonald spoke about how the consumer always demands a cheaper price, regardless what is on the label.<<<

    For those reasons, PG got out of food. This may or may not have been the right decision.
    Aug 10 12:19 AM | Likes Like |Link to Comment
  • Procter & Gamble: Low Risk, New Growth Plan, Solid Dividend [View article]
    >>>My intuition is that people are more loyal to their toothpaste brand than to their detergent, and that this gives CL an advantage over PG, given that CL has a higher proportion of its business in oral care. Am I wrong?<<<

    You might be. I remember when PG was the first to introduce a fluoride tooth paste in the 1950's. I remember a dentist coming to address my elementary school assembly where he stated that he was not sure the Crest with fluoride had an advantage. However, as the evidence unfolded, many brands fell by the wayside. Bristol-Myers Ipana fell. Unilever's Pepsodent was marginalized. Crest became the number one brand.

    Today there is controversy about Triclosan, the wonder ingredient in Colgate Total. If bad news comes out about it, it will be Katy-Bar-the-Door for Colgate's high end brand.

    Long: PG
    Aug 9 06:07 PM | 1 Like Like |Link to Comment
  • McDonald's Vs. Chevron: All Dividend Yields Are Not Created Equal [View article]
    Now you have it. In my first job in a real operating company (other than an accounting firm or a corporate headquarters) I was sent to a subsidiary that had record sales and record losses in the same year. Produce enough junk and people will buy it at a price, but you won't make a profit.
    Aug 9 12:07 PM | 2 Likes Like |Link to Comment
  • McDonald's Vs. Chevron: All Dividend Yields Are Not Created Equal [View article]
    We invest for earnings. The British have a better term for what we call "sales". They say, "turnover". That's all that sales is. It is the movement of product, rather than value added. It does not determine value when comparing companies in different industries or even the same industry.
    Aug 8 11:10 PM | 1 Like Like |Link to Comment
  • Procter & Gamble Shows That Bigger Is Not Necessarily Better [View article]
    PG has done well in selling brands. They sold Pringles to K. The sold Jiff and Crisco to SJM. They sold Duncan Hines to PF. However, Charlie, you raise a good point. PG is out of the food business. Were they to sell Cheer or Era, then Tide and Gain would compete against those brands. Their best bet, IMHO,is to retire them. Then again, another possibility would be to use them for special purposes. Era the shelves at Sam's Club at the same price as private label.

    Long: PG
    Aug 8 02:02 PM | Likes Like |Link to Comment
  • Medtronic Not Sticking Around To Rearrange Chairs On The Titanic [View article]
    Thus far, I have not heard Elizabeth Warren, Barack Obama, or any other Democrat try to justify why the United States has the highest corporate tax rate of any industrialized democracy in the world.
    Aug 8 09:51 AM | 1 Like Like |Link to Comment
  • McDonald's Vs. Chevron: All Dividend Yields Are Not Created Equal [View article]
    I don't believe revenue for an oil company and a franchise/restaurant operation are comparable. MCD has revenue per employee of "only" $12,500, while CVX has revenue per employee of $310,500. That comparison proves nothing.

    Long: CVX, MCD
    Aug 8 09:33 AM | 2 Likes Like |Link to Comment
  • A Dividend Growth Portfolio For New Investors And Retirees Yielding 4.8%, Part 1 [View article]
    I liquidated my position in GSK yesterday (xDividend) for the same reason.
    Aug 8 09:25 AM | 1 Like Like |Link to Comment
  • Coca-Cola Is Probably Overvalued, But So What? [View article]
    Aug 8 07:33 AM | 1 Like Like |Link to Comment
  • Update: Pfizer Cannot Afford GlaxoSmithKline [View article]
    Rich, thanks for the inputs. Perhaps I'm too negative on PFE. I acquired a significant portion of my position in 2011 at less than 19 and another portion in 2012 at 21.57. With the dividend, my total return has been pretty good. At the same time, when I look at the future, I see a PEG ratio that does not look promising. To the extent that a pure-play pharmaceutical can have a robust pipeline, it will do well.

    On GSK, perhaps I was caught up by the yield. I'm still up by almost 5% since acquiring GSK in 2012. I also liked their business model in NOT being a pure-play pharmaceutical. As with PFE, I am concerned with the future. The Street does not like GSK and that can be a self fulfilling prophesy. I will continue to monitor (I think I'm thinking out loud) and assess.

    Thanks again for you thoughts.

    Aug 7 10:13 AM | Likes Like |Link to Comment
  • Update: Pfizer Cannot Afford GlaxoSmithKline [View article]
    Rich, I'm also long in GSK and PFE, although the sum of both positions is less than half my position in JNJ.

    I am concerned about both of these companies. PFE, over the years, has innovated very little. Most everything has come from the acquisitions of Warner-Lambert, Pharmacia, and Wyeth. PFE is trading at a very high PEG ratio. GSK has the issues so well enumerated that I won't repeat them. Is diversification enough of a reason? Is there any real promise given two lackluster track records? Current dividends on both are OK, but what might the future bring?

    Aug 7 08:20 AM | Likes Like |Link to Comment