NWL owns a portfolio of consumer brands like Rubbermaid, Graco, Sharpie, Sunbeam, Caphalon, Crock Pot, Coleman, Elmer’s, Yankee Candle and more. Guided 2017 earnings down 8% and sales down 2% due to Harvey and Toys R Us closures and well as soft demand on back to school sales. At 9x 2018 earnings and over 3% yield I actually might be interested. Could be more pain ahead in the short term but this is a pretty solid valuation for a strong company.
Edit - 8% earnings cut.
Submitted November 02, 2017 at 11:37AM by Lerk409 http://ift.tt/2hxOXO1
