Clorox (CLX) Could Be at a Generational Low, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Talked About. The Clorox Company (NYSE:CLX) is one of the stocks Jim Cramer recently discussed.

Chemicals company The Clorox Company (NYSE:CLX) has come on Cramer’s radar recently due to its low share price. The firm’s stock is down 35% year-to-date. In his previous appearances, the CNBC TV host has pointed out that he was worried not about the share price dip, but about missing a rare low entry point into the stock. In this appearance, he made the following comments in the context of the consumer goods sector and dividend yield:

“That was very significant. Yeah and UPS wasn’t. . as horrible. I think the government opening and people feeling better, we’re gonna get some good spend. I’m in favor of those, that’s the kind of stocks. I want retail because they’re very low multiple. And I’ve now decided that it’s time to buy these consumer product stocks if you want a yield and you’re older. You know if you can get a 4% good yield, that compounds, 50, 60, 70s, I like that, as an alternative, one of your five stocks. Might be one of those.

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“[After Carl Quintanilla mentioned Clorox, Kimberly-Clark and Procter & Gamble] Yes, Yes, Yes. All three. And you could say Linda Rendle hasn’t necessarily put together a great Clorox portfolio, but, that stock is, that could be generational low.”

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Disclosure: None. This article is originally published at Insider Monkey.