Jim Cramer Says Procter & Gamble "Has the Scale and the Science to Make Things Cheaper"

The Procter & Gamble Company (NYSE:PG) is one of the stocks Jim Cramer recently put under a microscope. Cramer highlighted that he used the company as an example in his book. He said:

“Sometimes when stocks are doing badly, I get worried, not because I want to get out, but because I wonder if I might be missing a once-in-a-generational bottom. Those don’t come around all that often, of course. And right now, I’m concerned that we might be missing a bottom in a group of stocks that I haven’t particularly cared for at all, especially in a long time… The group that I’m talking about, the consumer packaged good stocks, too much inflation, not enough growth, growth being the magic elixir that makes your investment winners and it doesn’t have it. When you take a stock like Kimberly-Clark or Procter & Gamble, you’re pretty much bracing yourself for the house of pain, and the pain doesn’t seem to end until the stocks fall to the point where their dividend yields become competitive with the bond market… Well, what’s a good example? I use Procter & Gamble in How to Make Money in Any Market because the company’s so rigorous and inventive. Right now, Procter yields 2.85% and you know it has the scale and the science to make things cheaper.”

The Procter & Gamble Company (NYSE:PG) manufactures branded consumer goods across beauty, grooming, health, fabric and home care, and family care categories.

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