Newell Brands Inc.’s (NASDAQ:NWL) 27% Price Boost Is Out Of Tune With Revenues
Newell Brands Inc. (NASDAQ:NWL) shareholders are no doubt pleased to see that the share price has bounced 27% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 27% in the last twelve months.
Even after such a large jump in price, there still wouldn’t be many who think Newell Brands’ price-to-sales (or “P/S”) ratio of 0.3x is worth a mention when the median P/S in the United States’ Consumer Durables industry is similar at about 0.6x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
We’ve…
