Newell Rubbermaid Inc (NYSE: NWL) reported another very solid quarter under the reign of CEO Mark Ketchum. Newell grew organic revenue 4.7% before the impact of the DYMO acquisition. Including the DYMO acquisition, revenue grew 8.5% -- very solid numbers for a company that has struggled with revenue growth for a long time.Guidance Highlights:
- Ketchum expects organic growth to continue
- Resin costs, a big expense for Newell, should continue to moderate and begin benefiting the company
- Costs savings to continue which should lead to gross margin expansion
- Expects lower double digit operating income growth
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
Black Friday expected to be strong, no promises for Christmas
