The Procter & Gamble and Coty Exchange Offer
Procter & Gamble continues to divest itself of some of their smaller brands in order to focus better on their core businesses. The current exchange offer includes P&G’s global fine fragrances, salon professional, cosmetics and retail hair color businesses, along with select hair styling brands (collectively referred to as “P&G Specialty Beauty Brands”).
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Markets Behave Normally and Investors React As Usual
The S&P 500 is down about 8% already this month. Many other quality investments are down even more than that. I thought it would be appropriate to reach out to everyone and attempt to cut through some of the noise you may be hearing from the media.
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First Quarter 2016 Commentary
The two recent economic events getting credit for the horrible start to 2016 consist of the market sell off in China and the precipitous drop in oil prices. China’s supposedly failing economy isn’t actually failing, it’s just slowing down a bit, which is to be expected after several years of high growth.
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