The Securities and Exchange Commission has been pushing for companies to submit filings written in "plain English." I wish there could be a similar effort for labels on household items like detergent and toothpaste.
Reporting financial data in a way we can all understand is supposed to keep publicly traded companies honest. Similarly, having to tell consumers more about the ingredients they use in products to control tartar or remove stains might influence the chemicals they use.
Companies that make household cleaners and detergents don't have to tell you what's in them. Makers of items like shampoo and body lotion list ingredients, but they don't seem to care that you need a chemist to make heads or tails of them.
While the government might have approved ingredients for public use, plenty are still being studied for their effects on the environment and our bodies. It's not surprising that the more natural a product's ingredients are, the more willing a company is to tell you about it.Take a look at a label on the laundry detergent sold by Trader Joe's, the specialty grocery chain. Its ingredients include plant-based surfactants, soy-based fabric softener and lavender. I have a pretty good idea of what's washing my clothes. In contrast, the label on Clorox (CLX) bleach tells me it's made of 6% sodium hypochlorite and 94% "other ingredients." Sodium hypochlorite is caustic and potentially toxic. So what's in the other 94% of the solution?
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV