We recently published 14 Stocks Jim Cramer Talked About. Whirlpool Corporation is one of the stocks Jim Cramer talked about.
Whirlpool Corporation is a well-known home appliances manufacturer. Its shares are down by 32% over the year but are up by 20% year-to-date. In mid-December, ratings agency S&P downgraded Whirlpool Corporation to BB from investment grade. S&P pointed out that the appliance manufacturer was suffering from margin weakness and higher leverage. It added that tariff uncertainty led to stocking in the US, and while Whirlpool Corporation performed well in sales, the firm also suffered from costs related to shipping new models to the market. The firm was in the news in January after the US Office of Government Ethics released financial disclosures for President Trump. The data showed that, among other companies, Whirlpool Corporation was also on the list of firms whose debt Trump bought. Cramer isn’t impressed by the debt:
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“And then he’s buying Whirlpool, that’s not doing that well, it’s the bonds, I don’t like that debt.”
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This article is originally published at Insider Monkey.
