Source: cnbc.com.
Background
At the Analyst Day event early last month, a troop of Clorox's (CLX) top executives took the stage. They unveiled a new, integrated strategy to drive growth and create value for shareholders (and society). Leaping off the company's recently concluded 2020 Strategy, the so-called "IGNITE" Strategy would focus on "innovating for good growth."
However, after spending more than four hours listening to presentations from roughly a dozen senior managers, we did not feel our immediate excitement regarding the new growth strategy.
Per the chart below, we see little alpha