1. Is the company undervalued?

$NWL has a robust portfolio of consumer brand name products. While unsexy the company

has historically been shareholder friendly and grown at a market rate. On the other hand, $NWL is challenged with a difficult environment near term as retailers have begun to drastically slow their orders. Moreover Newell’s debt load is becoming worrisome with negative FCF YTD and the cost of capital skyrocketing. However $NWL is trading at a step discount compared to its history and should continue to grow once they navigate thru this choppy period. If the company comes out unscathed shareholders could benefit from a multiple rerate, while getting paid handsomely to wait.

Link to full write-up here: