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TexasBushwhacker

(20,159 posts)

47. They've been on a buying spree for several years

Wed Jul 25, 2018, 04:21 PM

Jul 2018

Assuming they didn't have billions gathering dust in the bank, that has to mean they've taken on substantial debt. My guess is it's the debt service that will cause them to tank, not the cost of steel and aluminum. While the cost of raw materials is significant, it doesn't represent the bulk of the cost of the finished product. So a 25% tariff on steel will not increase the cost of a washer by 25%. This may be a lot of bellyaching to prepare the buying public for price hikes. My guess is their price hikes will more than cover the increased cost of metals.

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Whirlpool loved Trump's tariffs. Now it's struggling [View all] Nero Mero Jul 2018 OP

I thought they had a guy who could fix things underpants Jul 2018 #1

Lol. That's Maytag! ananda Jul 2018 #2

But Maytag is now owned by Whirlpool BumRushDaShow Jul 2018 #4

Whirlpool makes Maytag. n/t AirmensMom Jul 2018 #6

Jesse White passed away MurrayDelph Jul 2018 #36

Eureka! underpants Jul 2018 #37

And here's the issue with Whirlpool Corp. BumRushDaShow Jul 2018 #3

Heavy appliances use lots of metal. . . . nt Bernardo de La Paz Jul 2018 #9

As do cars and heavy machinery, which will also get impacted. nt BumRushDaShow Jul 2018 #13

Yes, and once prices go up, even if the tariffs are removed, you'll not see the prices come back Fla Dem Jul 2018 #32

Yup. BumRushDaShow Jul 2018 #41

Womp Womp hatrack Jul 2018 #5

Lol, nt BootinUp Jul 2018 #7

Good one! rainin Jul 2018 #12

Not LOL. mahatmakanejeeves Jul 2018 #8

When the economy improves, those people won't be rehired FakeNoose Jul 2018 #19

Last night we watched a short documentary on robotic bartenders. CrispyQ Jul 2018 #24

Indeed ck4829 Jul 2018 #50

I see no joy as you do. LanternWaste Jul 2018 #48

Welcome to DU! IronLionZion Jul 2018 #10

We're replacing all our Whirlpool appliances as they reach end of life AirmensMom Jul 2018 #11

Done two repairs recently on Whirlpool washer and dryer bought in 2000.... Bengus81 Jul 2018 #16

My husband fixes stuff too. AirmensMom Jul 2018 #25

Whirlpool is junk now, most major appliances are. bought last 2 washers at lowes Sunlei Jul 2018 #17

It's called built-in obsolescence. luvtheGWN Jul 2018 #20

YUP...I was thinking the exact same thing....planned obsolescence is the business model now. Moostache Jul 2018 #28

Yeah. You buy the extended warranty now on the expensive stuff, rusty quoin Jul 2018 #51

I am looking to Fisher-Pakel Historic NY Jul 2018 #14

He's still whining? Roland99 Jul 2018 #15

Stock pps one year ago was about 193.00,today 130.00. MORE WINNING!!!!!! Bengus81 Jul 2018 #18

Wel, well, well matt819 Jul 2018 #21

I bought a Maytag Gemini back in 2004 & still have it & love it. CrispyQ Jul 2018 #27

You know what the real shame is? matt819 Jul 2018 #29

Money has infected everything but losing our government to moneyed interests CrispyQ Jul 2018 #33

There must be a down the drain joke in here somewhere JDC Jul 2018 #22

Companies supporting putin and trump duforsure Jul 2018 #23

Knob broke on a old dryer they made the part obsolete MattP Jul 2018 #26

Womp womp! Initech Jul 2018 #30

All these business geniuses.... Adrahil Jul 2018 #31

It's a poor excuse. MosheFeingold Jul 2018 #34

They've been on a buying spree for several years TexasBushwhacker Jul 2018 #47

LOL, indeed! Karma's a bitch! Nitram Jul 2018 #35

It looks like watoos Jul 2018 #38

These guys only zentrum Jul 2018 #39

You cannot withdraw from the global economy without intense economic pain Yavin4 Jul 2018 #40

Tariffs make a bigger tax for government Hulk Jul 2018 #42

my thoughts, too. an invisible sales tax. mopinko Jul 2018 #45

Trump left a turd in the Whirlpool Blue Owl Jul 2018 #43

Thank you Trump. keithbvadu2 Jul 2018 #44

Unintended consequences of encouraging a con man workinclasszero Jul 2018 #46

LOL ck4829 Jul 2018 #49