Colgate Inches Back Toward $80
Filed under: Colgate-Palmolive (CL), Stocks to Buy
The shares of Colgate-Palmolive (CL) first discussed here on April 13, 2009 at a price of .49, appear to have put in a bottom at/near , as outlined in November.
Even so, investors should keep in mind that the journey to and beyond probably will not be completed in 2011, so discretion should be the watchword with CL this year.
Consumer products giant Colgate-Palmolive will likely post a 5-7% revenue increase in 2011, followed by a 4-6% increase in 2012, with all segments reporting higher revenue. Lean, experienced Colgate weathered the recession in good shape. Colgate, an assertive-defensive, stayed one step ahead of the downturn — closing about one-third of its factories, trimming excess marketing spending, and focusing on products in stronger-growth markets.
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Colgate Inches Back Toward originally appeared on BloggingStocks on Wed, 09 Feb 2011 13:40:00 EST. Please see our terms for use of feeds.
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