Why Stanley Black & Decker Looks Like a Good Long-Term Value Now
There were a lot of doubts going into Stanley Black & Decker's (NYSE: SWK) second-quarter earnings report. After all, there are signs of slowing in industrial manufacturing, and its automotive-based sales have already been under pressure in 2019. Throw in a slowdown in house-price growth and the possibility of more commodity, tariff, and currency headwinds to come, and the market had reason to be skeptical that the company could hit its near- and medium-term guidance.
So what happened, and why is the stock looking more attractive now?
All told, some of the issues outlined above are still concerns; in fact, their impact got worse during the quarter. First, there was an increase in external headwinds for the full year ($50 million more than previously expected, primarily due to an increase in tariffs).
Source Fool.com
