Jim Cramer on Procter & Gamble: "If I Wanted to Start a Position, I Would Wait"

The Procter & Gamble Company (NYSE:PG) is one of the stocks Jim Cramer was asked about. A caller asked what they should be doing with their position in the stock, and Cramer replied:

“I’ll tell you it’s really tough because I have historically not done badly buying Procter & Gamble at the 52-week low. And I do think that if I wanted to start a position, I would wait. It’s a 2.87% yield. If it got to 3% yield, and I wanted to buy a hundred shares, I’d buy my first 25, and I’d buy it staggered to yield. Another 25 at three and a quarter, another 25, three and a half. Like that. And then if we get to four, you may have to buy more, but I’ve gotta tell you, you won’t go wrong starting a position at the low for Procter & Gamble.”

The Procter & Gamble Company (NYSE:PG) produces consumer goods, including personal care, grooming, health, fabric, home, and baby products under brands like Pantene, Gillette, Crest, Tide, Pampers, and Bounty.

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