Clorox experiences 14.6% stock decline in 3 months due to pandemic demand decrease and cyberattacks, but remains a long-term attractive investment.
Clorox, a diversified consumer goods company, faces a 14.6% stock decline in 3 months due to decreased pandemic demand and cyberattack challenges. However, its recession-resistant business model and top brands make it an attractive long-term investment (3-5 years) with a 3.6% dividend yield and 46 years of consecutive dividend increases. Despite setbacks, the company plans to return to pre-pandemic gross margin levels.
June 19, 2024
3 Articles