Time to squirrel-away a few shares of BDK

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If you prudently bottom-fished Black & Decker back in April, you're up a solid 35%.

BDK isn't as cheap as it was then, but given likely, increasing international demand, a chance for an out-sized gain is still possible, which is why I'm Reiterating my Buy rating for Black & Decker (NYSE: BDK), first recommended on April 17, 2009 at a price of about $33.

Look for institutional investors to continue to add to their BDK positions, on tool sales and a stabilizing housing sector. Moreover, if emerging market growth accelerates in Q3/Q4, BDK could race ahead. The First Call FY2009/FY2010 EPS estimates for BDK are $1.79 to $2.28.

Stock Analysis:
Black & Decker is a moderate-risk stock. If you've already purchased the company's shares, hold them. If not, consider buying a 50% position in BDK now; then buy another 25% in three months, if U.S. and global economic conditions don't worsen substantially. Under any circumstance, don't buy more than 75% of your BDK position before October 2009. Sell/Stop Loss if you were to buy shares in this company: $17.

Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
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Last updated: February 10, 2010: 02:25 AM

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