CLX: Clorox bleeding cash, structural short

26 sept. 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 sept. 2016

Note

80 cent profit from the entry already.

29 sept. 2016

Note

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

3 oct. 2016

Note

Great.

3 oct. 2016

Trade fermée manuellement

Out for now.

3 oct. 2016

Note

(@ 124.31)

5 oct. 2016

Transaction en cours

I reentered, but didn't get to update:

7 oct. 2016

Note

Hold and add.

15 oct. 2016

Note

8 nov. 2016

Trade fermée manuellement

23 nov. 2016

Transaction en cours

Reshorted at 115.96