The key level for buying Colgate’s stock

Colgate-Palmolive Co.: “Colgate did not have a good quarter and there were a lot of people who downgraded it. But I’m going to wait. At 3.5 percent [yield] is where I would buy this and not before then, because you have stocks like IFF and Estee Lauder that are really crushing it. Church & Dwight, too. So we’ve got to go with the good ones and not the ones that are, right now, out of favor.”

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