There Was Good News in Clorox's Bad News
Consumer products icon Clorox (NYSE: CLX) reported earnings after the close on Feb. 3, and when the market opened for trading the next day, the share prices plunged as much as 14%. Investors were clearly displeased with the news, and rightly so in many respects. The stock is now off by around 40% from the peak it hit in mid-2020.
But is the situation really that bad? Maybe not. Here's why.
You can't talk about Clorox today without discussing the coronavirus pandemic. Early on during the scare, which really gained speed in early 2020, nobody had any clue what was actually happening. One of the easy go-to precautions was to disinfect everything you could, just in case the illness spread via contact with surfaces. As it eventually turned out, the coronavirus is mostly transmitted via air. But that is knowledge gained in hindsight.
Source Fool.com
