Investopedia: Investors Seem To Already Buy Into Procter & Gamble's Turnaround Story

Turnarounds can be great investments, but you generally have to buy in at a point where the Street is still questioning the survivability of the company and pushing for dramatic, sweeping changes. In the case of Procter & Gamble (NYSE:PG), the pressure is still very much on management to deliver better results, but the shares don't reflect all that much uncertainty or pessimism about the company's prospects. On the contrary, it looks like the Street already pretty much expects this story to have a relatively happy ending.

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http://www.investopedia.com/stock-analysis/2012/Investors-Seem-To-Already-Buy-Into-Procter--Gambles-Turnaround-Story-PG-CLX-CL-UL1213.aspx