Colgate Inches Back Toward $80

The shares of Colgate-Palmolive CL first discussed here on April 13, 2009 at a price of $58.49, appear to have put in a bottom at/near $73, as outlined in November. Even so, investors should keep in mind that the journey to $90 and beyond probably will not be completed in 2011, so discretion should be the watchword with CL this year. Consumer products giant Colgate-Palmolive will likely post a 5-7% revenue increase in 2011, followed by a 4-6% increase in 2012, with all segments reporting higher revenue. Lean, experienced Colgate weathered the recession in good shape. Colgate, an assertive-defensive, 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. Continue reading the article.