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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (10704)6/8/2000 11:05:00 PM
From: James Clarke  Read Replies (3) of 78717
 
I think PG still has 20 points of downside to come. The stock is down in my view from extraordinarily overvalued levels. I still do not find it undervalued, especially relative to other quality branded consumer goods stocks like Ralston or Sara Lee which are trading at much lower multiples.
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