ByJosh Arnold:
Procter & Gamble (NYSE:PG) is the quintessential American consumer staples company. The company thrives on dozens of well-known, steady brands that provide the company with recurring profit streams. Shares have languished over the past year with very little price movement. After oscillating between $76 and $85, shares have traded in a very tight range around $80 where we find them today. Given PG’s business, dividend and earnings prospects, are shares a good value here?