Hurricane Katrina has been the source of immeasurable human suffering. It has also wrought immense economic damage. Some companies, however, remain resilient even in the face of the storm's impact.
Procter & Gamble
You can thank the beauty-and-health segment and strong international performance for those steady results. While it expects to lose a penny or two in the quarter due to Katrina, P&G believes it will meet its yearly earnings expectations through cost controls and continued sales growth.
You can see why P&G makes for a great investment. By pursuing global opportunities, a disaster in one marketplace can be mitigated by growth in another marketplace. Geographical diversification is the cornerstone of many consumer companies, such as McDonald's
Disasters like this often present buying opportunities. It's a hedge-fund-trading world out there, and whenever the traders drive down quality consumer stocks such as P&G, Clorox
Looking at this one-month chart, I can't say that you've got a huge buying opportunity for P&G. Again, this shows how cool the stock is. It really is one I'd love to own. At some point, lingering lofty fuel prices may cause havoc on the company's bottom line. If it does, you should consider buying on the dips. But for now, everything is as clean as a freshly laundered dress shirt over at this Dow component.
For more well-diversified Foolishness on Procter & Gamble, click here:
- Gillette's Closer Shave
- P&G's Pretty Picture
- P&G's Ad Gamble
- Let us know what you think at the Procter & Gamble discussion board.