Whirlpool Is A Potential Beneficiary Of Easier Fed Policy
Summary
- Whirlpool's shares have performed poorly, with a -13% return since my recommendation to buy as free cash flow has undershot expectations.
- The company's weak margin performance has made it difficult to pay down debt, though the Europe divestiture should help in 2024.
- A shift in policy from the Federal Reserve could benefit Whirlpool by increasing housing-related purchases.
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