Whirlpool tumbles on appliance demand report


Whirlpool (WHR -6.5%) shares are down sharply on heavy volume after Cleveland Research issues a note that appliance demand has softened in Sept. (shipments are seen up 5%-7% YoY vs. Aug.'s 15%).

Cleveland, which has a neutral rating on WHR, thinks Whirlpool will still hit Q3 EPS numbers despite weakening trends.

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Comments (5)
  • Ashraf Eassa
    , contributor
    Comments (9710) | Send Message
     
    Hey, Michael Blair was short this one. Kudos to him! :)
    14 Oct 2013, 11:23 AM Reply Like
  • TAS
    , contributor
    Comments (3886) | Send Message
     
    The stock is a wash. Don't get taken to the cleaners.
    14 Oct 2013, 01:38 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9710) | Send Message
     
    LOL - that's great!
    14 Oct 2013, 06:51 PM Reply Like
  • marpy
    , contributor
    Comments (1717) | Send Message
     
    north American appliance manufacturers remind me of the auto manufacturers in 70's.
    14 Oct 2013, 02:17 PM Reply Like
  • marpy
    , contributor
    Comments (1717) | Send Message
     
    To finish this off, The North American auto manufacturers of the 70's were producing garbage with minimal to no warranty and lousy customer service. The Imports came in with a better product that they kept improving and the rest is history. The North American auto manufacturers have never ever been able to catch up.
    16 Oct 2013, 05:52 PM Reply Like
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