Stockwire

Safe turns risky

Consumer staples, long deemed to be 'safe', are at unreasonable valuations. Investors need to be cautious

Consumer-staples companies sell food, beverages, tobacco, alcohol and household products. Since these are consumed almost on a daily basis, the demand for these products is generally stable, irrespective of the economic environment. Hence, it is often said that these companies provide downside protection in a bad economic environment. However, presently, valuations of most of these c


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