BUYOUT RUMOR. NEWELL & YETIYesterday YETI made a run upwards of $35.50 due to a buyout rumor.
The rumor...Newell might make an offer for YETI somewhere between $42 and $45 a share.
Judging by the sales of YETI products on just Amazon alone, not counting any other store, YETI's next qtr numbers should be a blockbuster!
We are sitting on the sidelines of this rumor as we are with SONO. We do not own either stock.
Both stocks in our opinion, "could" be spectacular buyouts for another company looking to expand their product lines, revenue and net profits.
Newell owns Paper Mate,Sharpie, Dymo, EXPO, Parker, Elmer's, Coleman, Marmot, Oster, Sunbeam, FoodSaver, Mr. Coffee, Graco, Baby Jogger, NUK, Calphalon, Rubbermain, Contigo, First Alert and Yankee Candle.
It's crazy to think with all these TOP SELLING / POPULAR brands, Newell is only trading around $18.75.
The big kicker with Newell, the company pays an almost 5% dividend. If Newell took the huge dividend away and concentrated on boosting EPS, the stock would probably jump extremely higher.
If Newell buys YETI, the sale should immediately boost Newell's earnings pushing Newell stock price upwards of $25 a share.
Lets see what happens and if the Wall Street rumor plays out!
Best of Luck and Merry Christmas!
