Stanley Works: Low-Profile Hardware Gem
Filed under: Stocks to Buy
Since I first discussed Stanley Works (SWK) here on February 10, 2009, at a price of $32.48, the shares have pulled-back roughly in-sync with the Dow's recent retreat. But they have since found support near $50, and I obviously still like the shares. Here's why.
Look for experienced, battle-tested Stanley Works to post a nearly 100% revenue increase in 2010, mostly on the strength of its Black & Decker acquisition, but also as the tool sector benefits from strong growth in emerging markets. A factor that's up in the air? The status of the U.S. economic expansion in the second half of 2010.
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Stanley Works: Low-Profile Hardware Gem originally appeared on BloggingStocks on Thu, 29 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.
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