Beat Buffett Before He Buys Iconic Brand Name Colgate
...or not. This toothpaste tube is all but out of paste. One more squeeze and it's time to short.
Everyone seems to think Colgate is the right fit for Buffett, but does Warren think that?
forbes.com/sites/greatspeculations/2011/03/24/why-colgate-is-a-buffett-style-stock/
P/E is near 22 which is also unprecedented. With that kind of stock valuation you would think we are talking about a tech growth engine, i.e. Apple 10.31 or Google 25, not a consumer product company.
Looking at charts monthly and weekly, very overbought. Chart on daily suggest it may retest upper channel once more before going lower.
Everyone seems to think Colgate is the right fit for Buffett, but does Warren think that?
forbes.com/sites/greatspeculations/2011/03/24/why-colgate-is-a-buffett-style-stock/
P/E is near 22 which is also unprecedented. With that kind of stock valuation you would think we are talking about a tech growth engine, i.e. Apple 10.31 or Google 25, not a consumer product company.
Looking at charts monthly and weekly, very overbought. Chart on daily suggest it may retest upper channel once more before going lower.
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