Where Will Clorox Be in 5 Years?
It would be easy to assume this is an "as good as it gets" moment for Clorox (NYSE: CLX). Last quarter's top line surged 22%, as consumers clamored for cleaning supplies for the entire three-month stretch -- but that demand surge clearly can't be sustained. In addition, CEO Benno Dorer is stepping down. Veteran exec Linda Rendle is qualified enough, but any new chief faces a learning curve.
Clorox is up 50% year to date, so now seems like a great time to take profits, and many shareholders did so following Monday's earnings release. But is that the right move? This is a company on the verge of another evolution, and investors may want to stick with it.
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Source Fool.com
