Jim Cramer Says Buy Whirlpool If Stock Goes Down
Jim Cramer interviewed Whirlpool CEO Marc Bitzer on CNBC this morning.
And he wrote about Whirlpool in a column on Real Money.
"Last night, another friend of the show, WD-40 WDFC reported a blow-out number. I find that their stuff is essential to pretty much everything decking and fixing. CEO Garry Ridge said it exactly on his conference call: "It seems that the more time people spend isolated in their homes the more time, the more money, they spend, making home improvements," Jim Cramer wrote in a column on Oct. 21.
"Another broad sweeping winner? Tool company Stanley Black & Decker SWK which dominates whole aisles at Lowe's, Home Depot, and Costco. Hard to believe but that stock is only up 5% for the year. A lot of people bought appliances and the only one that trades here is Whirlpool WHR. Here's another score: the CEO Marc Bitzer is a man of the world who knows what the younger home buyers want: reasonably priced high-quality products. That's what Whirlpool stands for. How can this stock be only at 12 times earnings with that resume?"
So, is Cramer enthused by Whirlpool after earnings? Find out what he likes about the stock and the company behind it in the video above.
You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.
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