Clorox's stock has taken a hit as the company rolls out a major operational overhaul and invests heavily in modernizing its systems. After overestimating pandemic demand and dealing with a 2023 cyberattack, Clorox is using 2026 as a transition year, leading to lower sales and earnings guidance for now. The company’s dividend yield has climbed to the highest level in a decade (4.2%), and payouts have increased for 48 consecutive years. While the short-term outlook is messy due to one-off costs and inventory shifts, patient investors are betting that efficiency improvements will pay off long-term. Clorox may be a contrarian pick right now, but it's all about whether its big investments finally unlock value from its well-known brands.