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You might like Clorox in your wash, but how about your portfolio? Over the past three months shares of Clorox have gained slightly more than 10%. Impressive, however rival Procter &
Gamble is up about 17% and the overall consumer stapes sector is close to 20% for the same period. How does Clorox plan to catch up? For insights we turned to Clorox CEO Don Knauss. In an
effort to boost sales, Knauss says Clorox is taking closer note of shoppers' spending habits. "Consumers are increasingly focused on value" he says. As a result, Clorox
intends to focus on _affordability_ to prevent value-oriented consumers from trading down to other products. “We think we’ll be very well positioned going forward,” he says. Knauss also sees
opportunity in _natural products_ and will launch a new Green Works detergent and stain remover. ”Green Works is going to be a driver going forward,” he adds. “The product works at a fair
price.” Clorox is also going after the _health and wellness_ market though Knauss didn’t provide specifics. And investors may also be interested to learn Clorox raised its dividend and stood
by its fiscal 2010 forecast on Thursday. Do these and other initiatives aimed at winning market share make Clorox a buy? It’s cheaper than rival P&G and they run the business well, says
Guy Adami. I think it’s undervalued and in my book, yes, Clorox is a _buy_. Mine too, adds Jeff Macke. People are very loyal to the Clorox brand. You can see our entire interview with
Clorox CEO Don Knauss at the end of the video above. ______________________________________________________ Got something to to say? Send us an e-mail at [email protected] and your
comment might be posted on the _Rapid Recap. _If you'd prefer to make a comment but not have it published on our website send your e-mail to . _Trader disclosure: On June 11th, 2009,
the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT),
(NUE); Macke Owns (BAC), (AGU), (USO), (SDS); Finerman Owns (RIG), (TBT); Finerman's Firm Own (NOK), (PBR), (RIG), (TBT); Finerman's Firm Is Short (BAC); Finerman's Firm Owns
(BAC) Preferred; Finerman Owns (BAC) Preferred; FInerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Terranova Owns (TER), (SDS), (XBI), (ABT), (RIMM), (GENZ); Terranova
Is Short (RIG), (OIH), (FCX); Terranova Is Short (XOM) Call Spread; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (MS) & (MS) Calls; Terranova Owns (HES) & (HES) Calls;
Terranova Owns (DIS) Call Spread; Terranova Owns (X) & (X) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (POT) & (POT) Calls; Terranova Owns (IBM) & (IBM) Calls_