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What: Shares of consumer and office products giant Newell Rubbermaid
So what: Rubbermaid posted a net loss in the third quarter but still came out ahead of analyst expectations, and followed up with an ambitious restructuring plan aimed to cure what's ailing the company.
Now what: The maker of Graco strollers, Calphalon cookware, Sharpie markers, and many other household brands plans to reduce annual costs by about $100 million. A leaner, simpler corporate structure will let management pump those dollars back into marketing and product development to create "a bigger, faster growing, more global, and more profitable Newell Rubbermaid." Like I said -- ambitious. You need that kind of guts -- and a bit of luck -- in order to compete with such fantastic rivals as Procter & Gamble
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Fool contributor Anders Bylund holds no position in any of the companies mentioned. The Motley Fool owns shares of Tupperware Brands. Motley Fool newsletter services have recommended buying shares of Kimberly-Clark and Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.