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Name:   MartiniMan - Email Member
Subject:   More get woke, go broke
Date:   8/2/2019 8:36:19 AM

My, my, my......so after their ads attacking their customers and shaving transgenders good old Gillette, which is owned by P&G, is going broke.   "P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. For the same period last year, P&G’s net income was $1.89 billion, or 72 cents per share," Reuters reports.  And of course the very woke CEO said he would do it all over again because he is trying to attract millenials......you know, the ones with beards, who by the way also don't like being told they are racists, rapists, misogynists, etc. 

As for me I almost immediately switched to Dollar Shave Club and will never buy another Gillette product.  DSC razors are superior in quality and cheaper.  Love their shave butter as well.  I am sure I have some P&G stock in my 401k or IRA mutual funds but I hope they sell them as they are committing economic suicide.  And man do I wish I'd known it his was coming as I would have bought stock in Harry's and DSC if they are traded.  Also love DSC's non-PC ads and emails.  They are pretty funny and totally non-political.





Name:   GoneFishin - Email Member
Subject:   More get woke, go broke
Date:   8/2/2019 2:17:43 PM

Looks like their core earnings for the quarter increased from $1.89billion to $2.76billion ($8-$5.24billion). Stock has dropped from $121 to $116 as has the market. Not much effect on the stock price as they are diversified with products.





Name:   MartiniMan - Email Member
Subject:   More get woke, go broke
Date:   8/2/2019 4:28:39 PM

Just imagine what it could have been had they not been such ignorant fools.  I doubt the shareholders are very happy with an $8B write down.  But hey, in the world of the left knocking $8B off earnings is a small price to pay for stupid virtue signaling.  How about this idea, focus your advertising on the quality of the product and its benefits and knock off the rest of the SJW crap.  What am I saying?  That would involve using logic and reason instead of mindless emotion.







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