+ Watch NWL
on My Watchlist
The Company is a marketer of consumer and commercial products that touch the lives of people where they work, live and play.
Newell and Rubbermaid merged back in 1998, so no worries there as far as company stability goes. NWL owns Rubbermaid, Calphalon, Sharpie, Graco (child safety seats), Irwin (hand tools and power tool bits/blades), Lenox (more tools), Levolor (windows and blinds), Papermate (Pens/Pencils), Dymo (label maker), Waterman (pens), Parker (also pens), Goody (womans hair brushes, bobby pins, etc), Bernzomatic (propane torches), and Amerock (cabinet hardware). Pretty diverse, been around for a long time. They also recently acquired Technical Concepts (Hygiene, as in touchless sinks), and Aprica (baby strollers). Was recently downgraded by some analyst to "market perform." Results this year are down, debt increased due take overs, but I like the recent Technical Concepts acquisition. They do touchless sinks, soap dispensers, touchless trashcans, aircare, pretty interesting stuff for the commercial/office side.They're going to miss 4Q earnings, already issued a revised 4Q outloot, but that was 2 days ago, meaning stock already dropped (was at about 13, now at 9.50 or so). I really like the prospects of this one which just got beaten down significantly. 30% drop due to the bad news makes for a great long term buying opportunity I'd think. They will be doing some workforce reductions in 2009 (8-10%) in order to become more competitive. No mention of decreasing dividends.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions