- CL is a highly profitable consumer staples company with a long tradition and a well-diversified portfolio with significant exposure to emerging markets.
- Its investors benefit from a leading market share in the toothpaste and manual toothbrush businesses and the company's pet nutrition segment is also performing very well.
- However, management continues to favor share repurchases over dividend increases as a means of returning cash to shareholders, resulting in lackluster yield-on-cost even after several years of ownership.
- At the right price, Procter & Gamble and cosmetics pure plays such as Estée Lauder are better picks in my opinion.
For further details see:
Colgate-Palmolive: Not Really Attractive For Income-Seeking Investors