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Opinions Christine Poole
Whirlpool CorpWHRPAST TOP PICKJul 12, 2017
Christine PooleStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Bought this last May. A pandemic play that overcorrected after the pandemic as if the consumer was going to die. It didn't. It's down 20% recently on weak guidance. But she added shares today. Trades at 7x PE, pays a 7% dividend, makes $16 EPS to cover a $7 dividend, and their inventory is returning to normal a lot faster than they expected. Will buy more tranches if this declines more.
JPMorgan just upgraded it to a top pick. She doesn't doesn't know why it's a hated stock. She finds it cute. They have pricing power even with steel costs rising while their last report was impressive. They are buying back $2 billion more shares. They boast a high-single digit PE. For all these reasons, she really likes it.
It depends on the continued DIY trade by homeowners and the hot housing market. JPMorgan just downgraded it.
Has attracted him over the years, but has always shied away because it's messy. There seems to always be something introduced that throws them off their game. Whether it’s the US$ moving up or down because a lot of their business comes from outside of the US. They are in court a lot because of their appliances. Just last week, the US government put a tariff on any washing machine, regardless of where it was produced coming into the US. It looks attractive, but he just can't get comfortable enough with it.
(A Top Pick July 12/16. Up 14%.) A global appliance manufacturer. 70% of its profits come from North America with the balance from Europe and emerging markets. This is a play on repair/renovations, housing turnover, appliance age. Trading at a pretty attractive multiple. In emerging markets, appliance penetration is much lower than in the US. In China it’s 36% and in India it is below 20%. There is lots of room to grow in those markets.