The market's recent pullback has created several moderate-risk, bargain-basement-price stocks, and one worth an evaluation is Black & Decker.
The Black & Decker Corporation (NYSE: BDK) is a global manufacturer and marketer of power tools and accessories, hardware, home improvement products, and fastening systems.
Analysts expect BDK's recent restructuring to improve productivity and operating margins. In general, analysts are forecasting low-single-digit sales growth for 2008 and 2009, weighed down by the housing sector's doldrums.
Meanwhile, BDK's fastening/assembly unit business should improve somewhat, offsetting housing's likely sub-par performance, and register mid-single-digit sales growth. The Reuters FY 2008/FY 2009 EPS consensus estimates for BDK are $1.14 to $1.57.
The Black & Decker Corporation (NYSE: BDK) is a global manufacturer and marketer of power tools and accessories, hardware, home improvement products, and fastening systems.
Analysts expect BDK's recent restructuring to improve productivity and operating margins. In general, analysts are forecasting low-single-digit sales growth for 2008 and 2009, weighed down by the housing sector's doldrums.
Meanwhile, BDK's fastening/assembly unit business should improve somewhat, offsetting housing's likely sub-par performance, and register mid-single-digit sales growth. The Reuters FY 2008/FY 2009 EPS consensus estimates for BDK are $1.14 to $1.57.
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