CLX: Clorox bleeding cash, structural short

26 thg 9, 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 thg 9, 2016

Ghi chú

80 cent profit from the entry already.

29 thg 9, 2016

Ghi chú

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

3 thg 10, 2016

Ghi chú

Great.

3 thg 10, 2016

Giao dịch được đóng thủ công

Out for now.

3 thg 10, 2016

Ghi chú

(@ 124.31)

5 thg 10, 2016

Giao dịch đang hoạt động

I reentered, but didn't get to update:

7 thg 10, 2016

Ghi chú

Hold and add.

15 thg 10, 2016

Ghi chú

8 thg 11, 2016

Giao dịch được đóng thủ công

23 thg 11, 2016

Giao dịch đang hoạt động

Reshorted at 115.96