Newell Rubbermaid’s (NWL) susceptibility to the global economic downturn is adversely affecting its top-line growth. The company recorded a 14% decline in net sales during 2009 amid a drastic squeeze in consumer disposable income and corporate spending.

Moreover, intense competition from other established manufacturers coupled with a debt-heavy balance sheet and exposure to adverse foreign currency translations severely undermine the company’s future growth prospects and profitability.

Consequently, our recommendation for Newell Rubbermaid is Underperform as we anticipate it to perform well below the broader market.

Zacks Investment Research

1. (NWL) Newell Rubbermaid – Bear of the DayNewell Rubbermaid’s (NWL) susceptibility to the global economic downturn is adversely affecting its top-line growth....
2. (NWL) Newell Rubbermaid Reports Earnings In-LineNewell Rubbermaid Inc. (NWL), the maker of Sharpie pens, Calphalon cookware and Rubbermaid containers, reported...
3. (NWL) Newell Rubbermaid Tops Consensus EstimatesNewell Rubbermaid (NWL), the maker of Sharpie pens, Calphalon cookware and Rubbermaid containers, reported better-than-expected...
4. (NWL) Newell Rubbermaid Inc. – earnings per share beat the consensus estimate by 34%Newell Rubbermaid Inc. (NWL) recently declared a quarterly dividend of 5 cents per share, which...
5. (NWL) Newell Rubbermaid Inc. – 47 cents per share, 12 cents ahead of the Zacks Consensus EstimateNewell Rubbermaid Inc. (NWL) has posted big gains over the last 4 months, easily outpacing...
6. (NWL) Newell Rubbermaid, Inc. – Value – Zacks Rank BuyNewell Rubbermaid Inc. (NWL), the manufacturer of Sharpie pens, is using cost cutting to boost...

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