- Clorox has been extremely overvalued for the past two or three years.
- Heading into the 2020 pandemic, investors seeking yield and earnings stability bought the stock. They were soon followed by investors who liked Clorox's pandemic story.
- But just like nearly all other overvalued story stocks, Clorox stock has been heading lower recently.
- Investors can learn a lot about Booms, Busts, and Story Stocks by examining Clorox's recent history.
- Even after the stock's recent sell-off, it remains unattractive at today's price.
For further details see:
Clorox Can Teach Investors A Lot About Booms, Busts, Story Stocks, And Overvaluation