Newell Brands (NWL) has been a stock which hit my radar after shares tumbled last year following a mega-deal with Jarden which has seen integration challenges, as the marketplace was furthermore shifting rapidly and the company found itself with a very leveraged balance sheet.
Shares traded in the high-$20s at the time, and have only fallen further to $25 despite the arrival of some activist investors, as investors still doubt the turnaround plan.
Having bought just a modest position late in 2017, I am doubling on my position despite poor management and uncertainty created by the debt load, offset by relative appeal and activist involvement.
