David Tepper is still betting big on China — and now this battered American appliance maker
1. David Tepper's Appaloosa acquired 5.5 million shares of Whirlpool. 2. Whirlpool shares fell 43% this year, trading at low price-to-earnings ratio. 3. The company is promoting sales amid a tough housing market. 4. Whirlpool expects a more favorable environment next year. 5. Whirlpool stock rose 3% despite a declining S&P 500.