CLX: Clorox bleeding cash, structural short

מעודכן
I think this is a really good short setup. The company is bleeding cash, funding their huge dividend with debt, not complying with regulations regarding the usage of sustainable palm oil on their products and the technical chart shows an ideal entry against resistance here.
The entry is very tactical, a perfect technical setup, paired with bad fundamentals for this company, with only a 1% earnings yield, a 1.2% free cash flow yield, and falling free cash flow and after tax margins.

Good luck if taking it.

Ivan Labrie.
הערה
80 cent profit from the entry already.
הערה
Hold! You can move stops to entry if you want.
הערה
Great.
העסקה בוטלה באופן ידני
Out for now.
הערה
(@ 124.31)
עסקה פעילה
I reentered, but didn't get to update:

תמונת-בזק
הערה
Hold and add.
הערה
תמונת-בזק
העסקה בוטלה באופן ידני
עסקה פעילה
Reshorted at 115.96
cloroxCLXkeyhiddenlevelspalmoilrgmovstructuralshorttimeatmode

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