Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of whitewares veteran Whirlpool
So what: In last night's third-quarter report, Whirlpool missed analyst targets, guided to further weakness amid slow consumer demand, announced big job cuts, and decided to close a factory in Arkansas. Even the strong foreign sales that have rescued Whirlpool from domestic troubles in the past are sliding down the drain.
Now what: "We're not particularly interested in selling appliances at a loss," said CEO Jeff Fettig to explain the cuts. No kidding. If disinterested consumers weren't enough, Whirlpool is also facing new competition from Korean conglomerates Samsung and LG in the aisles of your local Best Buy
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