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Buying PG

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Bought 1,000 PG at 62.44

Proctor and Gamble is on the low side of its historical Price/5 Year Average EPS range, and I like it as a defensive stock. I bought it on that basis, and after the fact I have been asking myself, it is cheap by historical standards, but why is it going to go up this year? A downgrade by Lehman Bros planted the seeds of that question, I added the article to my notes and forgot about it.

I will plan to review the financials and other material to see if I can develop a more positive rationale for this trade.

Tuesday July 31, 2007 : 01:41 PM

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