Stanley Works Posts -- BloggingStocks

Stanley Works posts

Stanley Works buys Black & Decker: A win/win for shareholders

Posted Nov 3rd 2009 3:20PM by Joseph Lazzaro (RSS feed)
Filed under: Deals, Black and Decker (BDK), Stocks to Buy

A double win: I'm Reiterating by Buy rating for New Britain,Conn.-based tool maker Stanley Works (NYSE: SWK) after the company announced Monday it will buy Black & Decker Corp. (NYSE: BDK) for $4.5 billion in an all-stock deal.

Stanley, first recommended on February 10, 2009 at a price of $32.88, sees the deal as $1 accretive to earnings per share within three years.

Meanwhile, shareholders of Black & Decker, first recommended on April 17, 2009 at a price of $33.53, will receive a 22.1% premium to BDK's closing price as of Friday, October 30, 2009 of $47.22, or about $57.65 per share. Hence, if you bought BDK in April, that represents a 71.9% gain for owning the stock about six months. Not bad.

Continue reading Stanley Works buys Black & Decker: A win/win for shareholders

It's up, up and away with SWK

Posted Oct 14th 2009 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

I'm reiterating my Buy rating for Stanley Works (NYSE: SWK), first recommended on February 10, 2009 at a price of $32.88. If you bought SWK in February, you're up more than 39%.

Institutional investors (IIs) have bid-up Stanley's shares practically all year, on likely better-than-expected emerging market GDP growth and a firming U.S. economy.

Continue reading It's up, up and away with SWK

Reiterating: Stanley Works, on likely economic recovery

Posted Jun 27th 2009 12:10PM by Joseph Lazzaro (RSS feed)
Filed under: Products and services, Consumer experience, Stocks to Buy

I'm reiterating my Buy rating for Stanley Works (NYSE: SWK), first recommended on February 10, 2009, at a price of $32.88.

New Britain, Conn.-based Stanley manufactures tools for professional, industrial, and consumer use, and has built a business model that's been successful for more than a hundred years. A security solutions unit accounts for about 30% of revenue, but the key revenue driver here is tools: hammers, screwdrivers, sockets, saws, and measuring tape, among other products.

Continue reading Reiterating: Stanley Works, on likely economic recovery

Stanley Works (SWK) still does things right

Posted Feb 10th 2009 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Can one make the case for easing back into the U.S. stock market?

The U.S. recession continues, and it's likely to continue through at least Q2, and probably through Q3. Meanwhile, credit market conditions, while they've improved since last fall, they're still constrained.

Further, the U.S. Treasury Secretary Timothy Geithner announced Tuesday that the United States government will commit up to an additional $2 trillion to encourage new lending and remove toxic assets in an effort to end the credit crunch.

Continue reading Stanley Works (SWK) still does things right

Earnings highlights: Costco, Kroger, Krispy Kreme, Lululemon, FedEx, P&G and others

Posted Dec 13th 2008 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Nokia Corp. (NOK), Krispy Kreme Doughnuts (KKD), H and R Block (HRB), Kroger Co (KR), Costco Wholesale (COST), FedEx Corp (FDX), Procter and Gamble (PG), Eastman Kodak (EK), Electronic Arts (ERTS), Dow Chemical (DOW), Texas Instruments (TXN), CKE Restaurants (CKR)

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Analogic Corp. (NASDAQ: ALOG) Q1 earnings plunged well below expectations due to costs.
CKE Restaurants Inc. (NYSE: CKR) solid Q3 earnings were in line with analysts expectations.
Costco Wholesale Corp. (NASDAQ: COST) beat Q1 expectations and same-stores sales increased.
Dow Chemical Co. (NYSE: DOW) lowered its guidance and announced layoffs and factory closings.
Eastman Kodak Co. (NYSE: EK) withdrew its guidance due in part to weak consumer spending.
Electronic Arts Inc. (NASDAQ: ERTS) lowered its outlook due to weaker-than-expected holiday sales.
Eli Lilly & Co. (NYSE: LLY) offered a full-year profit forecast that missed analysts' expectations.
FedEx Corp. (NYSE: FDX) lowered its earnings guidance and announced price increases.
FuelCell Energy Inc. (NASDAQ: FCEL) reported a deeper-than-expected loss but topped sales estimates.
H&R Block Inc. (NYSE: HRB) Q2 net loss was in line with expectations but revenue fell short.
Hartford Financial Services Group (NYSE: HIG) raised its full-year forecast, doubling the share price.
Hooker Furniture Corp. (NASDAQ: HOFT) shares sold off following disappointing Q3 results and outlook.
Krispy Kreme Doughnuts Inc. (NYSE: KKD) reported a deeper-than-expected Q3 loss on increased costs.

Continue reading Earnings highlights: Costco, Kroger, Krispy Kreme, Lululemon, FedEx, P&G and others

Stanley Works' lowered 2008 EPS guidance is another bearish signal for U.S. economy, market

Posted Dec 11th 2008 5:45PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Bad news, Industry, Housing, Recession

Many investors know about the key metrics that provide clues regarding the U.S. economy's health, and where it's likely to head, near-term.

Retail sales, housing starts, UPS (NYSE: UPS) / Fed Ex (NYSE: FDX) deliveries and, of course, those infamous corrugated box orders, all provide clues about demand at the retail and wholesale levels, and are positively correlated with increases in U.S. GDP.

Then there are those lower-profile metrics that experienced investors monitor -- and new investors are highly recommended to do so, as well. One such metric: Stanley Works (NYSE: SWK) and on Thursday the hardware and tool giant provided yet another bearish data point for the U.S economy and stock market.

New Britain, Conn.-based Stanley lowered 2008 full-year earnings guidance to $3.30-$3.40 per share, down about 35-45 cents from previous guidance, and also announced it would lay-off 2,000 employees, or about 10% of its work force, citing rapidly deteriorating business conditions. Further, Stanley said "economic conditions remain too variable to warrant issuing formal 2009 guidance at this time."

The Reuters 2008 EPS consensus estimate for Stanley is $4.30. Stanley's shares Thursday closed down $2.02 to $32.30.

Continue reading Stanley Works' lowered 2008 EPS guidance is another bearish signal for U.S. economy, market

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