Normally consumer product makers are the Alaskan Huskies of the market, able to weather even the worst economic climate. But not this year. Gas prices are so high, consumers are even cutting back on the basics. According to Karen Finerman there’s only one contender left in the race.
We’re talking Procter & Gamble . As the maker of Tide, Crest, and Charmin its brand names are recognized around the globe. In fact, 23 of this company’s products generate more than $1 billion in sales every year. In turn, P&G has increased earnings by 15% annually over the last 5 years, that’s triple the growth of its peers.