Today in the Freemarket – 4: Whirlpool Misses Earnings

Drewbert — Fri, 28 Oct 2011 17:55:17 +0000

Whirlpool misses its analyst estimated (made up) Q3 earning per share goal of $2.68 per share instead checking in at $2.35 despite sales rising 2% to $4.6 billion. Because of this, Whirlpool CEO Jeff Fettig announced the company would lay off 5,000 workers in North America and Europe. End of year earnings estimates were also revised downward to $4.75 to $5.25.

Whirlpool is only going to make between $363 million – $401.1 million in profit for 2011, so naturally, American workers will have to suffer.

I appear to have misplaced the press release where Whirlpool’s executive team taking any pay cuts. Whirlpool’s five top paid executives make a cumulative $28.6 million a year. But I’m sure it will turn up somewhere…..

Ford stock upgraded to “Strong Buy”

Drewbert — Thu, 27 Aug 2009 16:52:06 +0000

Buckingham Research has upgraded Ford’s stock to “Strong Buy”

based on increased production and reduced debt ratios.

Ford is the auto manufacturer leading the charge out of the recession.

TheAutoEconomy.com » manufacturer

Today in the Freemarket – 4: Whirlpool Misses Earnings

Ford stock upgraded to “Strong Buy”