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« Mobius: Gulf States Moving to Currency Basket | Main | Buying Whirlpool »

November 21, 2007

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Comments

I think its Nacco, symbol NC. They make the Hamilton Beach Line.

I say it is Whirlpool - it fits with his investing style - iconic brand, unloved in the rush from retail and housing even though it blew through estimates in latest quarter, straightforward understandable business, and strong profits (due to weak dollar) being ignored by the market who still remember it as a US play. Forward p/e of 10. Unloved by market, down 35% in 5 months on retail/housing worries as international business alone could justify the valuation, even if US went to $0. Plus they are shifting production from US/Western Europe to Eastern Europe and have already started reaping benefits - more to come. I hadn't looked at this, but I like it at first glance. Give me 20% more margin of safety and I will go all in.

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