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Emerging Market Skeptic
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Having lived in SE Asia since 2004, I realize investors must take a more skeptical and realistic view of the risks and rewards that come with investing in emerging markets. I would be the most familiar with Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam as I have... More
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Brain Gain Asia LLC
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Emerging Market Skeptic
  • Jim Cramer's Mom Doesn't Own A Whirlpool 0 comments
    Sep 3, 2013 10:21 AM | about stocks: WHR, GE, ELUXY, HRELF

    My parents' new $500 Whirlpool wtw4930xw super capacity washing machine lasted just one month. That, along with China's Haier Electronics Group, should have executives and investors alike worried.

    Appliance maker Whirlpool Corporation (NYSE:WHR) recently had a good earnings report and has been a solid performer for investors over the past few years to the point where Jim Cramer, the host of CNBC's Mad Money, has periodically recommended the stock as a way to bet on a recovery.

    However, he and many other investors along with Western consumers who are familiar with appliances made by General Electric (NYSE:GE) or Electrolux AB (OTCPK:ELUXY), may have overlooked the rise of China's Haier Electronics Group (OTCPK:HRELF), which now has the biggest global market share in the white goods segment (albeit Whirlpool has just announced a new acquisition in China). Moreover and given the recent bad experience my parents had with their new $500 Whirlpool wtw4930xw super capacity washing machine, I have a feeling neither Jim Cramer nor his mom own a Whirlpool appliance and that Whirlpool's management needs to reevaluate some of their priorities.

    Whirlpool's Recent Earnings Report and a Bigger Bet on China

    On July 19th, Whirlpool posted a stronger-than-expected jump in quarterly profit plus management raised its full-year outlook thanks to sales gains in all markets, including Europe and North America....

    To read the rest of this article, please click here to go to my personal website (EmergingMarketSkeptic.com)

    Disclosure: I am long GE.

    Stocks: WHR, GE, ELUXY, HRELF
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