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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (65345)	10/30/2020 3:08:05 PM
From: E_K_S	Read Replies (1) \| Respond to of 78765

Part of the NWL restructure was a new automated warehouse and fulfillment distribution center. This includes robots that pull orders and replace inventory. Their restructure (been 24 months) includes a total top down product review to update their entire line, create a state of the art distribution/fulfillment center along w/ online ordering and stream line costs. Icahn and his son are big investors. His son sits on the board (over a year now), helping w/ the restructure decisions so shareholders are represented. My value Buys were early (started position in 2018) but have added more in the low teens as I saw the story unfold. It has taken much longer than I expected but this is always is the case w/ these restructures. Change takes time. In the early part of the restructure, I had little faith in management but when Icahn's son got on the board, change was faster and legacy products were sold and/or discontinued. Hard decisions but had to be made. The next few quarters are important especially the Holiday buying this next quarter. Holding shares as I think this goes higher. NWL has maintained their dividend throughout the restructure and yields 5.4% Newell expects full-year sales of $9.2B to $9.3B vs. $9.1B consensus. 2021 analysts estimates (7 analysts) are $1.47/share and that was BEFORE today's earnings. At 20 forward PE stock is s/d be valued at $29/share