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Warren Buffett’s 10 Best Investments For 2011

Procter & Gamble Co.

Procter & Gamble is shocking to see as a Buffett stock because the consumer products giant generally does not see huge share price swings. At $62.15, there is an implied upside of more than 14 percent to the $70.97 objective price target. This is one safe defensive stock that also offers growth and the 3.1 percent dividend has continued to grow and is expected to keep growing. In-store promotion by P&G and by peers depressed margins and that is likely what has kept P&G as having more upside than we would have guessed. Valuations at 15-times earnings also feel close to full, so it is earnings growth and dividend growth that investors have to look for here. Its 52-week high is $65.00, but the stock was above $70.00 back in 2007 and 2008.

(AP Photo/Al Behrman)

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