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Re: Weekly Stock Market Observation

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Mon, 07 Mar 22 1:06 AM | 17 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 30072 of 58656
(This msg. is a reply to 30070 by Decomposed)
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Well De,
You might be right about Clorox . . . .

But I'm a 'buy and hold' sort of guy.

>>>
The Clorox (CLX) dividend has been paid continuously since 1968 and increased for 44 consecutive years; qualifying the company as a Dividend Aristocrat and Dividend Champion. Clorox has a large moat due to its brands and cost advantages.
>>>

One I think I ought to be thinking about selling is a power company ticker PPL . . .
Negative earnings and they just cut the dividend in half.

Zim.




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The above is a reply to the following message:
Re: Weekly Stock Market Observation
By: Decomposed in 6TH POPE
Mon, 07 Mar 22 12:10 AM 		Msg. 30070 of 58656

Zimbler0:

Re: “But others, like MKC are outperforming.”Before I even got to that sentence, I was already thinking of MKC as a hedge against inflation. It makes perfect sense: During periods of rising prices, more people are going to stay home instead of dining out. The more who stay home, the more McCormick products they'll use. Looking at its products https://www.mccormickcorporation.com/en/brands , it seems that all or nearly all are used by people who cook. I'm not seeing potato chips or bread companies. IMO, that's a great line of business in times like these. More people are cooking at home. McCormick's customer base is growing at a time when most are shrinking.

I don't think that about Clorox, btw. I think CLX has done well because of the pandemic. With the pandemic ending, won't people be buying less bleach? Even worse, in an inflationary period, won't people who are pinched for money shift from a name brand like Clorox to generics like Kirkland or Signature Select?

It's good to diversify, but I think I might sell my Clorox shares and put the money into something else. Maybe even more McCormick.

Look at the chart below. CLX soared with the initial pandemic and has suffered ever since. It has now given back all of its gains and I think the downturn may continue. Don't be surprised if the company reduces its dividend.

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