Is Procter & Gamble Stock a Buy?
Investors looking for an exciting company to explore and perhaps buy stock in can breeze on by Procter & Gamble (NYSE: PG). The consumer staples giant simply doesn't spark a lot of excitement.
But in most regards, that's the point. Boring can be beautiful when boring means a company rarely throws its shareholders an ugly surprise. Procter & Gamble -- the name behind Tide laundry detergent, Gillette razors, and Head and Shoulders shampoo, just to name a few -- may not be setting the world on fire, so to speak, but it's got the durability and reliability most shareholders need for at least a portion of their stock portfolios. And now, it's got growth to boot.
Shortly after taking the helm at Procter & Gamble for a second time in 2014, then-CEO A.G. Lafley realized that the company had become so big that it had also become unwieldy. So, Lafley began to sell off what was hoped to be about half of the company's total brands (although not necessarily half the company's revenue sources). Pet food brand Iams was one of the first major names to be culled. Then, in 2016, P&G sold many of its beauty brands to Coty. Neither brand was a great fit for where the company was going, especially given the focus each brand needed to get there.
Source Fool.com
