Whirlpool

[Produce]

I see noone post here but I like Whirlpool.

Currently at $74.43


Well below its 52 week high of $118.00 and it has taken a recent beating due to the housing market but infact only a small percentage of its products are sold to new home builders. They are focusing on environmental friendly products and purchased Maytag last year.


It was as high as 97 two months ago

[Daws1089]

are people really spending the money on washers and dryers etc right now? Seems like very few. I will agree with you that it is a great time to jump in. Just not sure if it will move.

[Kevin]

Im waiting for cmg to drop a bit more and then hoping to scoop some up in the 80's.

Adding whirlpool to my watch list. Thanks for the heads up.

[Produce]

I will post some more information about whirlpool later this week. I really feel like this is a quality stock that is available for a large discount. Most of the beating it took was not directly related to it's own performance but rather it's industry and the market itself.

[Daws1089]

Kevin,

my eyes have been on chipotle for a long time also. Watched it drop quite a bit during the downturn in the market. I'll be in it on tuesday at a huge discount


Produce,

some #s on WHR would be great. I'm interested.

[Produce]

Whirlpool has been depressed recently due largely to investors resistance to own stocks tied in to U.S. housing. Appliances are far less discretionary in comparision to carpet, cabinets, etc. Roughly 80% of sales come from replacement purchases. I recently read that appliance sales only vary 1% for every 6% of housing moves. This allows for productivity to be more predictable.

Over the last year they have shed some of the fat left by the Maytag purchase. With a little bit of research you will see that they have shut down or moved a few of the plants that were aquired with the Maytag take over. They have incurred additional cost that have started to fall off and will continue to increase profit.

The second largest appliance producer in the world, GE, is currently in the process of selling off their appliance department. This will obviously have a huge impact on the number one producers in the world, Whirlpool.

While overall sales fell during the first quarter, sales in Europe, Asia, and Latin America rose by double figures.

I fully expect this stock to reach $100 by years end. I have done very well following this stock on a daily basis so far this year.

I will continue to track this stock in this post.