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See a recession ahead? Think Colgate

 Mar 27, 2008 05:13 PM UTC
Return Risk
+1.75% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
CL Positive 03/27/08 +4.92% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Colgate-Palmolive (CL), Stocks to Buy

With the markets still in a choppy/consolidation mode (or perhaps worse), it's best to consider including a few defensive stocks in your portfolio, and with the aforementioned in mind Colgate-Palmolive is worth an evaluation.

Colgate-Palmolive Company (NYSE: CL)'s restructuring is working, and its 2008/2009 results will continue to show it. In late 2004 CL initiated a 4-year cost reduction program including a 10% workforce reduction, new product roll-outs, an emphasis on larger-growth markets, and the more-savvy deployment of marketing resources.

The results to-date? The CL train is moving forward, with analysts generally seeing near-double-digit annual revenue growth through at least 2009, and probably longer. An eye-opening stat -- Colgate is an enhanced, global consumer products defensive play: 65% of CL's revenue stems from personal, oral, and home care sales outside North America.

Continue reading See a recession ahead? Think Colgate

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