Jim Cramer on Procter & Gamble: “Patience Is Going to Pay off With PG”

The Procter & Gamble Company (NYSE:PG) is one of the stocks Jim Cramer expressed thoughts on. Answering a caller’s query about the stock during the episode, Cramer remarked:

“I’m very glad you asked about Procter & Gamble. Okay, so they disappointed the Street. I’m going to spend a lot of my time on my Friday conference call with Jeff Marks with the investing club, talking about why you should buy Procter & Gamble and how you are going to make a lot of money doing so, but you must have patience. Patience is going to pay off with PG.”

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The Procter & Gamble Company (NYSE:PG) provides branded consumer goods across beauty, grooming, health care, home care, and family care. The company sells its products through renowned names such as Tide, Pampers, Gillette, Crest, Olay, and Febreze. During the November 20 episode, a caller asked whether it was too late to get into the stock, and Cramer responded:

“No, it’s not. You know, we just initiated the position for the trust. Why? Because it sells at 21 times earnings. Got about a 3% yield, that’s about as low as you ever get Procter, which of course is a dividend aristocrat. I think it’s a fine level.”

While we acknowledge the risk and potential of PG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.