Colgate-Palmolive Is One Great Stock

Colgate-Palmolive (CL), a large consumer products company, is setting all-time highs as it continues on a multi-year upside. The current upside is very steep and is above the upper boundary of the upside price channel, so CL will probably correct soon.

But the company grows earnings year after year and pays a safe increasing dividend making it an excellent candidate for a long-term dividend reinvestment portfolio.

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Posted November 16, 2007.