P&G (NYSE:PG)’s stock sold off modestly during the quarter, as the company struggled to generate acceptable unit volume growth. In recent years, P&G has significantly sharpened its focus by selling off non-core assets and cutting costs; however, we think the company can go much further in its efforts to revitalize the remaining businesses.
From Yacktman Fund (Trades, Portfolio)'s second quarter 2017 commentary.
