Whirlpool is mixing up the profits in the market
posted October 4, 2009 - 7:37pm
A new blender for the newlyweds could bring you big profits if the household appliance stocks keep mixing it up the charts.
With Christmas just around the corner, one consumer home appliance maker is making big moves in the market. Take a look at Whirlpool Corp. (NYSE: WHR).< p>
Whirlpool is a manufacturer and marketer of home appliances. Whirlpool manufactures products in 12 countries under 13 principal brand names and markets products worldwide. Its principal products include laundry appliances, refrigerators, cooking appliances, dishwashers and mixers and other small household appliances. Whirlpool also produces hermetic compressors for refrigeration systems. The company markets and distributes products under the Whirlpool, Maytag, KitchenAid, Jenn-Air, Roper, Estate, Admiral, Magic Chef, Amana and Inglis brand names primarily to retailers, distributors and builders.
In January, I highlighted Whirlpool in an article titled, "Whirlpool stock on a whirlwind higher." Well it was on a nice rally when I published that article, but took a serious nose dive. I published my article with the stock around $48.79 per share. By March, it was down to $19.39 per share. But is this really a bad thing?
These big drops in stock price could be excellent buying opportunities. Buy in when the stock is low before it rebounds. Its really that simple. But always remember, nothing is a guarantee.
So you bought in January and watched the stock drop 60 percent. Again, was it time to panic? Not at all. Today, Whirlpool stands at $66.52 per share. If you held onto your shares, today you would have a 36 percent gain. Did I know the stock was going to do that? Too be honest, no.
I always make it clear that I'm no stock guru of any kind. I just started paying attention to the stock market in 2006. I'm still learning just like everyone else. But it just goes to prove with just a little research you have a chance of hitting a good one.
Another nice thing about Whirlpool is it's dividend. Whirlpool is currently paying out a $0.43 dividend per share and seems to be stable and strong.

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