CLX: Clorox bleeding cash, structural short

26 בספט׳ 2016

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.

26 בספט׳ 2016

הערה

80 cent profit from the entry already.

29 בספט׳ 2016

הערה

Hold! You can move stops to entry if you want.

3 באוק׳ 2016

הערה

Great.

3 באוק׳ 2016

העסקה בוטלה באופן ידני

Out for now.

3 באוק׳ 2016

הערה

(@ 124.31)

5 באוק׳ 2016

עסקה פעילה

I reentered, but didn't get to update:

7 באוק׳ 2016

הערה

Hold and add.

15 באוק׳ 2016

הערה

8 בנוב׳ 2016

העסקה בוטלה באופן ידני

23 בנוב׳ 2016

עסקה פעילה

Reshorted at 115.96