Is Clorox Making Money? — Market Mad House
Mr. Market still values iconic American consumer brands. For instance, shares of the Clorox Co. (NYSE: CLX) were trading at $152.50 on 7 October 2019.
Clorox manufactures a variety of cleaning products, including America’s best-known brand of bleach. Other Clorox Co. products include; Kingsford Charcoal, Glad bags, Liquid Plumber, Pine Sol, Brita Water Filters, Rainbow Light vitamins, Fresh Step cat litter, and Hidden Valley Ranch salad dressings
Why does Mr. Market like this old consumer products company? Notably, dollar stores…