How Safe is Procter & Gamble?
I ask how safe is Procter & Gamble (NYSE: PG) because a certain school of value investment thought considers consumer staples are safer when interest rates rise.
To explain, the thinking is discretionary spending falls when interest rates rise but people still buy consumer staples. For instance, people still wash their clothes when interest rates are high.
Therefore, Procter & Gamble, or P&G, is the perfect consumer staple maker because it makes three of the five most popular laundry detergents in America. In fact, sales of two P&G detergents; Tide and…