The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith discusses topics around the investing world.
In today's edition, Austin looks at one big dividend stock that he thinks is ripe for a turnaround: Whirlpool. The appliance manufacturer saw understandably weak performance in the recession, but he sees the floodgates ready to open as those previously austere consumers who put off appliance and automobile purchases in the recession open up their wallets and start to spend again. Whirlpool's recently strong performance included cost-cutting and 6% price increases on its appliances. What's even better is that it doesn't look like the company has to resort to big markdowns to move products, as consumers are ready to pay full price.
As good as Whirlpool's dividend is, though, there are better ones out there. You can "Secure Your Future With 9 Rock-Solid Dividend Stocks" by reading about any of the great recommendations our analysts have made in our special free report. Click here to read more about them -- it's free.
At the time thisarticle was published Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Best Buy. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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