(NYSE: CLX) is best known for its iconic bleach brand, but it produces much more than that. Coming out of the pandemic, the consumer staples company's margins collapsed in the face of a rapid surge in inflation. The stock fell sharply and I bought shares, expecting that the recovery plan which management laid out would be executed well.

And now the consumer products powerhouse has suffered another blow: a data breach, which has led to another stock drop. Already a shareholder, I bought more as soon as I could since I believe this is an opportunity. Here's why.

Clorox is a broadly diversified consumer staples company with a focus on manufacturing products that have little direct competition. Often the only significant competitive threat comes from store brands. That's basically the case in bleach, which is the company's eponymous product, but also in trash bags (Glad) and charcoal (Kingsford). And it owns other brands as well.

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Source Fool.com