Newell Brands Inc

They did a merger with Rubber Maid a couple of years ago. Part of the issue was the amount of debt levels. There has been more competition from Amazon. The acquisition did not go as planned. He is not interested right now.

(A Top Pick Jan 22/18, Down 30%) Had trouble integrating Jarden. He exited 6-9 months ago and took a loss. Still having trouble, despite a change in management. He probably won't go back to it.

They are going through a restructuring. The metrics look really good but you are buying into a transition. You don’t know when it is going to stop. If it gets above $20 it would be some positive momentum. It is in its period of seasonal strength.

Catching a falling knife as they resposition, selling a few businesses and using some proceeds to buyback stock and de-lever. There's little growth in their existing businesses and they're facing tariffs from products they buy from China. A lot of uncertainy in the coming year. Not confident in their earnings numbers.

Struggling like most consumer product companies. Revenue is flat/down. Streamlining assets will take time. It's paying 32% of earnings, so the dividend is safe, but it won't rise much.

The stock is getting no love. Not the best-run company. That said, it's begun restructuring (i.e. may sell a division, pay down debt, etc.) so it's a good time to step in. Also cheap at only 9x forward earnings. Pays a 4.3% dividend yield. Upside is ahead.

This is a turn-around play. They ran into a few problems including the threat from AMZN-Q. Their brands are iconic. They are divesting some of their brands and re-allocating capital. They are in 200 countries. (Analysts’ target: $27.09).

Doesn't like or understand the balance sheet, and is wary of companies where activists are involved. He won't touch this. Doesn't see when they will de-lever.