Stock of the Day: Procter & Gamble
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
We learned yesterday that William Ackman's Pershing Square Capital has bought about $2 billion worth of Procter & Gamble stock. Shares of Procter & Gamble are down around 4.5% for the year compared to the average for the Dow, which is up around 3% for the year. It is hoped that Ackman's activist investing strategy can turn things around at P&G. David feels that Ackman might be able to positively influence management. The company is still extremely strong, with 25 brands generating more than $1 billion in sales and another 19 generating more than $500 million in sales. Ultimately, Procter & Gamble represents a great opportunity for investors, and Ackman might be a catalyst here for improved performance.
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The article Stock of the Day: Procter & Gamble originally appeared on Fool.com.David Meierhas no positions in the stocks mentioned above.John Reevesowns shares of Procter & Gamble. The Motley Fool owns shares of Procter & Gamble.Motley Fool newsletter services recommendProcter & Gamble and Unilever. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.