Anyone else think CLX is more than a little ahead of itself here? Highest PE and lowest yield in years. A couple of decent qtrs, but should head back to the mean shortly (unless Icahn is putting a new offer on the table).
Completely agree with you, this share has been going up in one direction since the begining of this year, I think a correction in imminent, over bought and over valued. Time to sell, $78 is a reasonable price.
Having followed this company for a couple years, I think we're finally getting a valuation we deserve. This is a great company with great brands.
I think the stock has more room to run, especially with a 3%+ yield. I have a price target of $90.
It has run up too fast, I was expecting it to hit these levels after the next dividend increase this summer. The definition of over valued seems to be changing in the broad market. Everyone is hungry for yield and safety. Its tough to put more money in at these levels. I can't imagine clorox going up another $3 before a dividend increase. Same thing has been happening to KMB, although their run up was partially post div increase.
Agree. I sold KMB at 87 in Q4 and bought GIS and HCLP the same week. Both have done well but I am thinking GIS and CLX are ahead of themselves. CLX is a LTCG so I don't mind selling, but I don't what I'd exchange it for.