There aren’t really any good times to buy Colgate-Palmolive at fire-sale prices. The reason? Everyone knows what a great company it is. I don’t care what kind of investor you are–value, growth, old, young, medium-term, long-term–Colgate-Palmolive has been a wonderful firm to own. About the only people who might not like it are short-term traders, and even then, there are short-term periods when Colgate performs especially well.
The way I see it, there are probably six magic firms I write about. Two of them are Coca-Cola and Johnson & Johnson, which have such extraordinary earnings quality and hedges in place that it is almost certain that someone buying the stock today will be … Read the rest of this article!