Steve, Abby JC says today is a "distribution day" LOL
(Like Al Goldman at AGE, she rates the market HOLD/AGGRESSIVE)
AG Edwards -(CLX) Assumed coverage with a Hold We rate the CLX share HOLD/AGGRESSIVE. Through acquisitions and solid innovation, Clorox has built a unique portfolio of leading brands in smaller "niche" categories, predominantly in North America. Today, Clorox owns #1 or #2 market share position in eight of the ten categories it serves and competes more often with private label than branded players, which limits aggressive "price wars". The company has also been ahead of the curve with innovation over the last five years, owing to the introduction of "gamechangers" (hot new products expected to lift category growth), which have accelerated company sales in its typically low to modest growth categories.