Quote:
Originally Posted by Bladewire
You lied.
Whirlpool is not happy at their stock tanking to historic 1987 lows because of the tarriffs.
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Of course they are not. But tariffs are not the exclusive reason for the decline as portrayed as dramatic fact by Mr Nathaniel Meyersohn. WHR would have been down today tariffs or not.
In fact the WHR CEO reminds us that his costs for steel were negotiated and set in contract long ago.
https://www.thestreet.com/investing/...BC&cm_ven=CNBC
Nathaniel Meyersohn and CNN are misrepresenting facts by omission. Drama sells, and I gather eyes on their website are up from their decision to fudge it a bit. I wonder how much they get from links on their main page such as "These are the leggings everyone is buying from the Nordstrom sale" by Anna Hecht.
Anyways believe what u wanna believe. It's probably a good day to buy WHR and I see there is already some volume happening.