About a year ago, Proctor and Gamble had a P/E of about 10, with no specific adverse information. Where can you get 10% these days? No matter what happens, people are going to want soap. Buy stocks in companies that make real products, are well run and stable.
Small error there. A stock's P/E is a measure of how cheap or expensive a stock is, not it's dividend yield.
As of yesterday, Procter and Gamble (symbol PG) had a P/E of 19.4 and a dividend yield of 3.22%.
Buy stocks in companies that make real products, are well run and stable.
Agreed. Many believe that such companies are good inflation hedges as long as inflation stays under 7% or so.