| | | provided you actually own them for that period
At my age and childless, that won't happen, so I'm not used to thinking in those terms. Buffett, who is, hasn't been adding KO. He's happy to hold it, but fresh buys aren't likely at this PE. There's a time to accumulate and a time - like now -IMO - not to. But I still think PG is the most solid of the lot if things go sideways. Nothing KO makes can't be lived without, and a drop in consumption would definitely hit the bottom line. With PG, you can trade down, but you still need soap, toilet paper, etc.They could make stuff for the private brand and generic markets in a pinch, and preserve their reach. |
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