Wetenhall said his firm considers investors fears about its promotional activities during the fourth quarter "overblown."
"Stocks' going to earn $12.25 this year, $14.25 in 2016, trading at ten times earnings," he said. "Super cheap, great management team, tremendous M&A skills, dominating Europe, and North America is doing a lot better than people think."
Analysts expect the company to earn $12.15 per share during fiscal 2015 and $14.40 in fiscal 2016, according to a consensus estimate from Thomson Reuters.
Wetenhall is also bullish about the company's performance in Europe. Whirlpool's recent acquisition of a majority interest in Indesit in the current quarter makes the company number one in the European continent, he added.
"Huge acquisition, synergies are going to drive cash flows...This is a cash-flow growth story," Wetenhall argued.
"A couple misfires in their communication," and 2015 not being the company's best year have attributed to misunderstanding of Whirlpool's stock, he explained. "We're expecting that they're going to grow in line or stronger than the market" in 2016.