Is Procter & Gamble Stock a Buy?
Back in 2017, when activist billionaire investor Nelson Peltz targeted Procter & Gamble (NYSE: PG) because of its "suffocating bureaucracy," the consumer staples giant's stock had become listless, at best performing about as well as the broader market, and often performing worse.
Peltz blamed Procter & Gamble's loss of market share on a portfolio of brands that had grown too large and a business model that had grown too stale. The activist investor, as he often does, sought to shake the board out of its lethargy.
Investors have been smiling since Procter & Gamble began its recovery. Image source: Procter & Gamble.
Source Fool.com
