M* generally has laudatory comments regarding Procter & Gamble, PG.  PG has a wide moat, low uncertainty factor, and is currently rated 4 stars.  Further, PG yields about 2.4% and has a 5 yr div growth rate of 11%.  PG has paid dividends for a very long time and has consistently raised them as it prospered. 

S&P rates PG a "strong buy" and gives it an A+ quality rating.  

PG sure looks like a Builder Portfolio type stock to me.  Yet, and here's the rub, Josh Peters has never mentioned PG in the Dividend Investor Newsletter. To the best of my recollection PG has never even been included "on the Bench" for the Builder.  Correct me if I am mistaken. 

My question is, why is PG not in the Builder Portfolio?  Is there some hidden flaw, or risk, that escaped my notice?

I suspect someone knows the answers.  If so, please enlighten me.  If not, please feel free to speculate.

FWIW, I hold a position in PG.

Regards,
Russ