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Newell Brands stock price fell sharply during the first Trump administration from $53 and is now at $5.40. Marketing this as a success story of U.S. manufactur
by bgwalter 1y ago
Newell Brands stock price fell sharply during the first Trump administration from $53 and is now at $5.40.
Marketing this as a success story of U.S. manufacturing is insane. If the WSJ honestly thinks the outlook is better now, it should at least provide the history and say why (and who provided the investments for automation given that Trump is a sharpie user).
- shoo 1y agoYou make a good point, I did a little digging and it looks like the historical share price drop around 2018 is superficially explained by a big decrease in revenue and a big drop in EBIT, and those two changes are explained by Newell restructuring and divesting a bunch of non core brands, and also by accounting fraud.