Education
Episode 4 - NEWELL BRAND *Please check these links for more on NEWELL: YouTube Episode: http://bit.ly/2TVm5DX NWL Financial Model: http://bit.ly/2HGVtAa NWL Episode Notes: http://bit.ly/2TdFMCB * 0:04 INTRO 1:57 NEWELL PRODUCTS 2:11 Recapitalization Play - EQUITY AND DEBT 2:52 Investor Confidence 3:27 Earning & Sales 3:35 Poor Communication From company 3:49 Top Management OUT 4:28 Divestiture program 5:07 30% Returns 5:16 Near Term Headwinds 5:23 Toys R Us 6:03 Valuation Methodology 6:40 Value Range of Stock 7:31 YEAR END 2017 - Trading at $24.6 Billion dollars 8:31 DEBT FALLING 8:41 Decreased Share count - 41% 9:36 Market Capitalization 10:10 Margin of Safety 10:17 CEO Michael POLK on 3rd Quarter 11:21 RISKS? 12:00 Michael Polk Stepping Down 12:24 China Tariffs 14:14 Macro Risk - 10 Year Bull Run 15:34 Background Story - 2016 16:35 Revenue Targets Missed - 2016 17:00 2017 Transformation PLAN 17:25 EARLY 2018 - Carl Icahn Involved 17:35 Carl Icahn - 7% Interest in Company 18:20 Carl Icahn - 10% 19:00 Carl Icahn - 5 out of 12 Board Seats 19:18 What is Management Doing? 20:17 Research Process - Where did it come from? 20:48 Wall Street Journal Article - Newell 21:41 Yahoo Finance 23:26 DIG & ASK QUESTIONS 23:35 Investor Relations Page 24:44 SEC Documents 25:03 SEC EDGAR 25:27 Carl Icahn 26:16 Filings 26:54 Projections Model 27:26 Operating Margins 28:18 Guidance 29:26 Valuation & Trading Price 29:45 Please SUBSCRIBE, LIKE, and REVIEW Find out more on the Get That Bread - A Value Investing Podcast website.