Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, December 11, 2015

Article Excerpt

NEWELL RUBBERMAID INC., $45.28, New York symbol NWL, is reportedly negotiating a merger with Jarden Corp. (New York symbol JAH). Jarden makes consumer products, including Sunbeam kitchen appliances, Mr. Coffee coffee makers, Ball jars, Crock-Pot cookers and Rawlings baseball mitts. It would cost around $11.8 billion to buy Jarden, which is almost equal to Newell’s $12.7-billion market cap (the value of all outstanding shares). The combined firm would have $14 billion of annual sales. A big acquisition like this would add to Newell’s risk. However, the company has a history of successfully integrating new businesses and cutting their costs. OUR RECOMMENDATION: Newell Rubbermaid is still a buy. Newell Rubbermaid recent coverage Hotline for October 9, 2015 September 2015 issue GENERAL ELECTRIC CO., $30.25, New York symbol GE, has cancelled its deal to sell its appliance business, which makes dishwashers, washing machines and ovens, to Sweden’s Electrolux AB. In September 2014, GE agreed to sell this division for $3.3 billion. To put that in context, the company earned…