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-0.00749037451872589 -0.00518025901295051 -0.00280014000700019 -0.00553027651382564 -0.00161008050402513 7.0003500175144E-05 -0.00455022751137541 0.00210010500525034
Stock impact report

APPALOOSA SENDS LETTER TO WHIRLPOOL BOARD OF DIRECTORS [Yahoo! Finance]

Whirlpool Corporation (WHR) 
Last whirlpool corporation earnings: 4/30 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
of Directors in response to the Company's recent issuance of equity at a very high cost of capital, which resulted in a large, unnecessary dilution of shareholders. The full text of the letter follows: Ladies and Gentlemen, As one of its largest shareholders, we looked on with a certain astonishment at Whirlpool Corporation's recent issuance of equity, which resulted in a large, unnecessary dilution of shareholders. We believe this action reflects a striking lack of judgment on the part of the Board and senior management team. A few points worth highlighting: 1. This issuance was done at a very high cost of capital, seemingly exceeding 10%, with the stated intent to reduce debt. This was done even though the Company's debt is trading in the capital markets at a tax adjusted cost of capital below 5%. 2. Despite statements indicating otherwise, we believe Whirlpool has not looked to properly take advantage of the tariffs instituted by the Trump administration, either by seek Show less Read more
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