"We expect CL to report a solid set of 3Q results, with lingering gross margin pressure (a product of still-high underlying inflation and building transaction FX headwinds) offset by strong organic growth (+7.5-+8%) balanced across geographic segments and Hill's. While Loeb may be aggressive in his investment tactics, he keeps himself firmly rooted in reality, and his recent client letter has taken clear note of the way that economic conditions have worsened since the early summer. (To watch Byme’s track record, click here) Overall, the bulls are definitely running on this stock.