Procter & Gamble (PG) last week reported better than
expected results for the first quarter of fiscal year 2013. These results can
be viewed as the beginning of a positive momentum in the company's performance.
We expect the company to deliver improved results in upcoming quarters as well.
Recent quarterly results helped relieve the pressure on the company's CEO who
has been criticized for the company's weak financial performance in recent
years. However, Warren Buffett's Berkshire Hathaway Inc. (BRK.A) has sold some
of its holdings in PG. Buffett has stated that he does not have the answer to
the company's earnings woes.
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