Could Procter & Gamble Help You Become a Millionaire?
There's no denying that powerhouse Procter & Gamble (NYSE: PG) has helped turn plenty of investors into millionaires during the company's long history. The stock price is up nearly 6,000% since the 1980s when P&G entered its growth heyday. Its impressive history speaks volumes.
But as the old adage goes, past performance is no guarantee of future results. In fact, it's P&G's incredible past that makes it a less-than-thrilling prospect for investors looking to build a million-dollar portfolio now.
You may know the company even better than you realize. Procter & Gamble is the name behind Tide laundry detergent, Bounty paper towels, Gillette razors, and Head & Shoulders shampoo, just to name a few of its multi-billion-dollar brands. Indeed, it's the biggest name in the consumer goods business as measured by revenue, driving sales of $80.2 billion in the fiscal year ending in June. Its next-biggest rival is Unilever, but that company's annual top line is only on the order of $56 billion.
Source Fool.com
