Barron's: Whirlpool still a buy despite earnings disappointment

|About: Whirlpool Corporation (WHR)|By:, SA News Editor

Investors reacted to Whirlpool's (WHRQ1 earnings report with a collective shrug, but Barron's says the appliance giant remains worth buying, offering sales growth, a buyback program and pent-up demand.

U.S. demand for household appliances is increasing due to an improving economy and growing numbers of young people finally able to move out of their parents' homes, Johanna Bennett writes; with cost cutting, WHR is poised to grow profits at a clip that could average 20%-plus annually over the next few years.

With that kind of profit growth ahead and a 2% dividend yield, the stock deserves better than the current multiple of ~12.6x 2014 earnings it now fetches.