CLX: Clorox bleeding cash, structural short

26 Eyl 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 Eyl 2016

Not

80 cent profit from the entry already.

29 Eyl 2016

Not

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

3 Eki 2016

Not

Great.

3 Eki 2016

İşlem elle kapatılmış

Out for now.

3 Eki 2016

Not

(@ 124.31)

5 Eki 2016

İşlem aktif

I reentered, but didn't get to update:

7 Eki 2016

Not

Hold and add.

15 Eki 2016

Not

8 Kas 2016

İşlem elle kapatılmış

23 Kas 2016

İşlem aktif

Reshorted at 115.96