I see a lot of desperate reaching, thrown out by someone who "allegedly" is in the know. I can throw a lot of big words out there to support my put/call buying, but if you actually read this drivel, you will see a lot of dreaming here.
"No one is buying Whirlpool anymore, because people are gonna buy Chinese washing machines that you can run with your iphone".
Just want to clarify that I absolutely have zero inside information when it comes to WHR. I stand by all my statements and they are strictly my opinion. Obviously WHR is a very good company (how many companies have been around for this many years?) I just feel like the WHR and the entire appliance industry face significant headwinds in the first half of 2011. My opinions are strictly based on listening to previous conference calls, evaluating our business and speaking with industry reps and other appliance dealers across the country. I fully expect for WHR to offer up 4th qtr numbers that are disappointing or in line with estimates. My biggest concern is the guidance for 1st and 2nd qtrs of 2011. I really feel like it will be difficult to match 2010 sales comps based on government stimulus that was available in the prior year. Full disclosure I am still short the stock (I did close out of half of my position yesterday on sharp sell off)