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Boris S.'s avatar

Inside / Outside.

I just went through this when I read your previous article, "Best Buys in March 2025".

You highlighted Newell brands. I looked it up, saw a juicy >4% dividend yield, and became emotional.

"Whoa! This could be something!"

That's me putting on the "inside view" hat.

Now I put the "outside view" hat on. I pretended someone else bought it and showed it to you or Pieter. As professionals, both of you would have been polite but the investment would have been stamped "clunker".

Then I spin the "outside hat" around and looked at it as an analyst. Does it pass my smell test to warrant further investigation? Would it smell good enough to recommend to someone else?

No.

Dividend cutter.

High debt to cash.

Low Return on "Anything".

That's enough for me to pass on it. There are better places for a 4% yield.

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TJ Terwilliger's avatar

I had a look at Newell as well - but the erratic revenue, inconsistent earnings and weak balance sheet made me pass quickly as well. Nice work Boris!

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