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Newell Brands Is a Great Example of a Potential Turnaround Play

Jonathan Heller

finally showed some signs of life on Friday, rising 13.5% on the back of better than expected first quarter earnings. The beleaguered company has seen a lot of change over the past couple of years, selling off businesses and brands in an attempt to reduce debt and get back on track. During the quarter, NWL sold off two more businesses, Process Solutions and Rexair, for $735 million (after-tax).