Folks, this is a pandemic we're seeing. It won't end soon unfortunately. Stay healthy, eat well, lose weight and wash your hands often. Use bleach and sanitizing products also. - Happy Holidays. - Pete
K
Perfect time to buy this with rising concerns on omicron
H
Oddly this start going up in a meaningful way Nov 11 2019. when it was $157. Also I don't see a Delta bump so I'm wondering if it would get an Omni- Bump.
V
Down 6% last two day. Very weird to be down over rising concern. Looks to be a great buy rn. 27% undervalued based on an article that came out.
P
So, I went to the local Walmart and it was out of Clorox bleach. As I predicted months ago demand for these products will only flourish. I can't explain the pullback in stock price but hey I'm not omniscient. - Pete
V
40% gain back to highs in next month
R
CLX volume increasing.
P
Zoom out to the five year chart.
P
CLX, CSX, KO, etc. - They all have their ups and downs.... - Pete
R
Waiting until under $155
S
Sold Short a lot of shares of CLX at $163.50. Glad I waited until almost the close as Irrational Exuberance caused this little price pop at the 3:55 ET mark. Very happy with my fill price and expecting a weak earnings report and a significant price drop in direct response to earnings release, due in just a few minutes.
Good Luck folks! :-)
V
All I see is money 💴
V
Someone is trying to keep this down. It’s gonna pop when we get to thousands of new Covid cases. We early, 40% from here.
S
Facts from the earnings release:
Gross margin decreased 1090 basis points to 37% from 48% in the year-ago quarter driven primarily by higher commodity, manufacturing and logistics costs. Diluted net earnings per share (diluted EPS) declined 65% to $1.14 from $3.22 in the year-ago quarter, primarily driven by lower gross margin, lower net sales and a one-time, noncash remeasurement gain in the year-ago quarter related to the company's investment in the Kingdom of Saudi Arabia joint venture. Adjusted EPS2 declined 54% to $1.21 and excludes 7 cents related to investments in the company's long-term strategic digital capabilities and productivity enhancements. Net cash provided by operations for the first quarter declined 89% to $41 million, compared to $383 million in the year-ago quarter.
Doesn't look good to me!
G
Yeah pump a stock up 5% on declining growth and margins… smart move market
K
What is the consensus here regarding writing put options on CLX at this price point?
U
I looks like CLX -- like other safe haven types of stocks -- is being sold to meet margin calls caused by loses in other investments. I own CLX and I'm not worried one bit. Remember CLX pays a huge dividend, and in a world of interest rates approaching zero, that alone will be attractive, it addition to the obvious reasons Clorox should be in even greater demand going forward.
a
it will be 250 dollar in next 2 months with this quarter result. additional use of cleaning product is not going down for a while as market open more will be used. we saw the sales spike 17% from a year earlier in march quarter when the covid number were beginning. this quarter we will see the real impact. this stock may double in a year as well. lets wait and watch
U
So presumed president elect Biden promises a "Dark Winter" and the news sources say the best case for this Pfizer vaccine is wide distribution this Spring. Will most people be vaccinated by the end of Summer? Will all the new cleaning rules requiring the use of bleach just go away? When do bureaucrats end safety rules once they are in place? Who thinks pre Covid-19 "normal" will return tomorrow, or next year? I think the selling today was a bit overdone, probably due to abrupt, and likely wise, reallocation to "recovery" stocks by hedge funds and others. My greater fear for CLX, being a dependable dividend stock, is that interest rates might abruptly rise in an unforeseen way making dividend stocks less attractive as the "risk free" rate of return goes back up.
E
I have to think that this sell off is a gift. I've been looking into jumping in on this stock for some time and now (yeah I know I'm late as hell) it has to be de risked. Here's my thinking on how Clorox is in a win-win: If the shutdown is extended then the demand is there for people to buy the disinfectants, which you can't find on the shelves, so that's is the win that everyone is focused on. But, what I feel that everyone else is overlooking is that as the re-opening starts, there will be more demand for their products. An example of this was that I recently went to a clothing store to finally buy some needed shirts. At the counter, the cashier would spray disinfectant spray after each sale on the counter. Whether you think that is overkill or not (I think it was because she was wiping down an area that was not touched by the customer nor was it breathed on because of the plastic shield on the counter and the mask worn by the customer) it shows that this is what companies will have to do in order to keep customers coming in and not be afraid of catching the virus. Now imagine a fully opened economy and the lingering fear of getting sick and every cashier wiping down every counter after every sale. And this extends past the department store and into all other businesses (think restaurants, bars, anything for that matter). That has to be an even better situation for Clorox than what we have now. I guess the only down side to this would be if they could keep up with the extra demand.
Good Luck folks! :-)
Gross margin decreased 1090 basis points to 37% from 48% in the year-ago quarter driven primarily by higher commodity, manufacturing and logistics costs.
Diluted net earnings per share (diluted EPS) declined 65% to $1.14 from $3.22 in the year-ago quarter, primarily driven by lower gross margin, lower net sales and a one-time, noncash remeasurement gain in the year-ago quarter related to the company's investment in the Kingdom of Saudi Arabia joint venture.
Adjusted EPS2 declined 54% to $1.21 and excludes 7 cents related to investments in the company's long-term strategic digital capabilities and productivity enhancements.
Net cash provided by operations for the first quarter declined 89% to $41 million, compared to $383 million in the year-ago quarter.
Doesn't look good to me!