Colgate-Palmolive: Well-Positioned for the Recovery

Filed under: Colgate-Palmolive (CL), Stocks to Buy

Colgate-Palmolive Company (CL) is on-track to record double-digit earnings growth in 2010 and in the immediate year after, hence it goes without saying I'm reiterating my buy rating for the company's shares, first recommended on April 13, 2009, at a price of $58.49. If you bought CL in April 2009, you're up about 35%.

Lean, experienced Colgate-Palmolive has weathered the recession in good shape. Colgate, an assertive-defensive company, stayed one step ahead of the downturn -- closing about one-third of its factories, trimming excess marketing spending, and focusing on products in stronger-growth markets.

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Colgate-Palmolive: Well-Positioned for the Recovery originally appeared on BloggingStocks on Tue, 19 Jan 2010 19:00:00 EST. Please see our terms for use of feeds.

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