Business Day - World - Nov 02, 2009The Stanley Works (SWK)
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Brian Sozzi
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Wall Street StrategiesShares of Black & Decker, whose brands include its namesake line, DeWalt, Kwikset and Price Pfister, gained 18 percent in after hours trading, while
Stanley Works rose 4.1 percent.
Stanley Works brands include the Stanley line, Bostitch, Proto, and Mac Tools.
WELL POSITIONED AHEAD OF RECOVERY Brian Sozzi, an analyst at Wall Street Strategies, said the deal makes strong sense. "A deal would help them get positioned ahead of the recovery in housing and the ultimate rebound in commodities," Sozzi said.
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Shares of Black & Decker, whose brands include its namesake line, DeWalt, Kwikset and Price Pfister, gained 18 percent in after hours trading, while <span class="company">Stanley Works</span> rose 4.1 percent. <span class="company">Stanley Works</span> brands include the Stanley line, Bostitch, Proto, and Mac Tools. <span class="sent"> WELL POSITIONED AHEAD OF RECOVERY <span class="analyst">Brian Sozzi</span>, an analyst at Wall Street Strategies, said the deal makes strong sense. </span> "A deal would help them get positioned ahead of the recovery in housing and the ultimate rebound in commodities," Sozzi said.
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