The drop is due to an earnings report where UL earnings are 35% higher from a year ago. Typical Wall Street garbage where good stocks sell off despite good earnings just because great earnings were below some analyst's estimate. Estimate was 1.06 B euros, but actual earnings were 986 million euros. I say take advantage of this and buy more UL after the price settles down. Margins are still good for a consumer staples company and the dividend is great. Screw the analysts, buy good companies with good long term performance.

http://www.marketwatch.com/News/Story/Story.aspx?guid={4C57DD11-3DAD-498B-B5AB-F11341A448E0}&source=blq/yhoo&dist=yhoo&siteid=yhoo

"SNS Securities analysts calculated that the company's underlying margin narrowed to 14.6% from 15.6% as the world's third-largest consumer-goods group spent heavily to bolster key brands such as Knorr soups and Omo detergent.
Nevertheless, Chief Executive Patrick Cescau said he still expects to achieve management's outlook for "sustained growth" and an operating margin higher than last year's 13.4% -- "this in spite of harsher-than-expected commodity cost environment which has impacted margins in the first half."
In a statement, Cescau said Unilever's targeting comparable sales growth of 3% to 5% and an operating margin above 15% by 2010 and hopes to achieve such growth with the help of new products such as Breyer's ice cream with pieces of confectionery and health-oriented products.
Unilever's shares fell as much as 4.2% in London morning trading."