Jim Cramer Says Colgate-Palmolive "Could Go Lower"

Colgate-Palmolive Company (NYSE:CL) was mentioned during the recent episode of Mad Money on May 14, and here’s what Mad Money’s host had to say:

“I've always believed that there are two consumer packaged goods companies that make a ton of sense whenever they go down, and that's Procter & Gamble and Colgate… Colgate's worse. Again, two points from its low, more than 20 points from its high, with amazing toothpaste and pet food businesses among so many others, but it only yields 2.37%. So why can't you buy it here? It could go lower. How does it bottom?”

Colgate-Palmolive (NYSE:CL) produces a variety of consumer goods focused on personal care, home care, and pet nutrition. The company’s products are sold under several well-known brands and include items for daily use and specialized health needs.

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