Recently, I published a piece on an otherwise healthy market sector that has been left out of the current rally for no particular reason. In identifying this, I stumbled onto a great brand name that’s trading at a bargain. In addition to owning a high-quality stock, investors can also participate in the extended U.S. economic recovery as well as the larger theme of the growing middle class in emerging markets. The company is literally a household name: major appliance manufacturer Whirlpool (NYSE: WHR). While the stock is poised to, hopefully, finish the year in the black, the price… Read More
Recently, I published a piece on an otherwise healthy market sector that has been left out of the current rally for no particular reason. In identifying this, I stumbled onto a great brand name that’s trading at a bargain. In addition to owning a high-quality stock, investors can also participate in the extended U.S. economic recovery as well as the larger theme of the growing middle class in emerging markets. The company is literally a household name: major appliance manufacturer Whirlpool (NYSE: WHR). While the stock is poised to, hopefully, finish the year in the black, the price action has definitely been through the spin cycle, with shares underperforming the broader market. The main culprit is back-to-back quarterly earnings per share (EPS) disappointments. The company delivered quarterly results that missed the consensus estimates by an average of 3.25% for the second and third quarters of 2017. The result was an 18.5% haircut from the stock’s 52 week high. #-ad_banner-#But despite the herd’s typical reaction, Whirlpool’s future is hardly bleak. Here’s why… It’s All About Foreign Markets Just 48% of Whirlpool’s revenue comes from the United States. This means more than half of the company’s sales come from… Read More