Jim Cramer on P&G: Stock Is Too High; Wait for Selloff
Jim Cramer says he's waiting until Procter & Gamble shares fall before raising his position in the consumer stock for his charitable trust
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said he's waiting until Procter & Gamble (PG) - Get Report shares fall before raising his position in the consumer stock for his charitable trust. 'I think you can always wait for a market-wide selloff and be able to get some Procter - that always goes down in a market-wide selloff,' Cramer said. The company beat top and bottom line estimates for its most recent quarter, per a report on Tuesday.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
