Recent Sell: The Clorox Company (CLX)

ID-100266200-300x250 Recent Sell: The Clorox Company (CLX)I Sold out completely of  The Clorox Company (CLX)

15 shares @ $162.72 on 12/10/2018.

This decreased my forward 12-month dividend income by $46.08 to a total of $7,157.20

I also updated my portfolio page to reflect the change.

My Thoughts

I did not sell out of The Clorox Company because I thought it was a bad business or if the dividend is at risk.

I sold this company for two reasons. 

The first reason is that I felt that the stock was overvalued. At the time of sell, the company has a PE of about 28. This is compared of the normal PE of 20.9. I normally don’t sell if the stock valuation is fairly high. I only sell if it is extremely high in my view. Which I thought it was very high considering the low growth this company has to offer.

The second reason for this sell is because I thought I can invest the additional capital into a company that has higher earnings growth and higher dividend yield as well as dividend growth.

Which I have. 

I do plan to own Clorox again once I find the share price to be undervalued and see more growth in earnings.

CLX-stock-price Recent Sell: The Clorox Company (CLX)

Source: Fastgraphs.com

What do you think of the company? Plan on owning it or already do? or why not?

Thanks for reading, and don’t forget to connect with me through Facebook and Twitter to see my latest buys.

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Comments

    • Hi Paul! good to hear from you! I think is very much undervalued. I would be buying if I did not already have a large position. I may add one more lot before I say no more ATT, lol. Thanks for stopping by and commenting!

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