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DewDiligence

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DewDiligence

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Re: DewDiligence post# 15463

Saturday, 10/21/2017 6:56:09 PM

Saturday, October 21, 2017 6:56:09 PM

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China is bright spot in PG’s weak quarter:

https://www.wsj.com/articles/procter-gambles-profit-rises-but-sales-fall-short-of-views-1508500938

The company’s organic sales, a closely watched metric that strips out currency moves, acquisitions and divestitures, rose 1% in the quarter, the increase almost entirely driven by emerging markets…

P&G said its fiscal first-quarter profit rose 5% as China, once a weak spot, now is driving growth. To highlight the turnaround there, Mr. Moeller hosted the analysts’ call from P&G’s Guangzhou office… P&G’s organic sales in the country rose 8% in the recently ended quarter.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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