CLX, Clorox update

clx 2011 last

At $75,10 this stock is right on target, actually 10 cents above that but then it did not stay there either. All this is happening as a result of another bid for the company by Carl Icahn. It is now a sell. If you have a broker that charges you a fortune  like 2.5%, then it sometimes makes sense simple to tender the stock into the bid at the appropriate time and circumvent paying these commissions. If the transaction costs are not too relevant one should normally sell as from here on there is only downside risk in the event the deal falls through. This has happened with increasing frequency.