CLX: Clorox bleeding cash, structural short
Diupdate
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.
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.
Catatan
80 cent profit from the entry already.Catatan
Hold! You can move stops to entry if you want.Catatan
Great.Trading ditutup secara manual
Out for now.Catatan
(@ 124.31)Trade aktif
I reentered, but didn't get to update:Catatan
Hold and add.Catatan
Trading ditutup secara manual
Trade aktif
Reshorted at 115.96
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