As for me I'm tired of innovative appliances with useless gizzmos. They break down. I want a washer that washes, a dryer that dries, and a refrigerator that cools. KISS, Keep It Simple Stupid. Yet this management says they are not going to sacrifice margins with cheaper products.....they are about "innovation". They will lose.
Today Electrolux came out with bad numbers and saying the market in Europe is trashed and not looking to improve anytime soon so they are looking to North America to pick up market share. Sorry I don't see a WHR growth story here.
Copper and steel are in a bear market; 3M had a huge miss today and is off the top with volume. With the commodities and basic products (like 3M insulation & gasket adhesives) which go into the manufacture of appliances forecasting a bad year ahead how are we to believe otherwise from the WHR mouthpiece?