|Bid||146.80 x 1800|
|Ask||146.83 x 800|
|Day's Range||145.04 - 147.38|
|52 Week Range||106.41 - 155.22|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||36.74|
|Forward Dividend & Yield||2.64 (1.94%)|
|1y Target Est||N/A|
Yahoo Finance's Seana Smith and Brian Sozzi speak to Stanley Black & Decker CEO Jim Loree who says the trade war between the U.S. and China has been a "headache" for his company, but adds that he understands the underlying principles and why "we have to try and level the playing field" with China.
In 1979, Nobel Prize-winning economist Milton Friedman made a then-controversial statement. He said in an interview that regulators should allow Sears (OTCMKTS:SHLDQ) to buy Kmart. In the late 1970s, Sears had accounted for about 1% of GDP and faced a rising competitive threat from Kmart. At the time, regulators would have likely not allowed Sears stock to take such a dominant position.Source: Shutterstock By the time Dr. Friedman died in 2006, competitive forces and attitudes had changed, Sears and Kmart had, in fact, become one. Emerging companies such as Walmart (NYSE:WMT) and Home Depot (NYSE:HD) had long-since supplanted the dominance of Sears and Kmart, and the long death spiral in Sears stock had begun.Today, as both Sears and Kmart fight for survival, they have now sued former chairman, Eddie Lampert for looting the company and leaving it no other option besides bankruptcy. Many possible outcomes exist for this lawsuit, which includes Lampert's ESL investment and Treasury Secretary Steven Mnuchin, a former ESL director. However, finding a result that will save Sears stock appears much less likely.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sears Trades as a Penny Stock As It Sues Its Former ChairmanLampert's actions might justify such a lawsuit. In February, Mr. Lampert bought most of the company's remaining assets for $4 billion. This left Sears stock holding billions in debt. Now, it seeks to reorganize with an estimated 425 stores. Unfortunately, it will do so without the Kenmore and DieHard brands that Lampert bought in February. It will also move forward without the iconic Craftsman brand that Lampert sold to Stanley Black & Decker (NYSE:SWK). * 10 High-Yielding Dividend Stocks That Won't Wilt However, the question investors need to ask is how winning a lawsuit against Lampert will help Sears stock. Admittedly, those who have gambling money could make a profit. Traders who bought at the 12-cent-per-share low of last December have earned a return of about sixfold. However, the stock has also lost around 80% of its value from year-ago levels.Even worse, the company appears irreparably damaged. Thanks to the bankruptcy, Sears stock now trades on the pink sheets as SHLDQ. Even worse, what remains of the business will have to move forward with only its name to bolster the company. Also, even if it wins some of its brands back from Lampert, the company holds no obvious competitive advantage. The Future of SearsWhile Sears may have served consumers well in the 20th century, it remains unclear what Sears offers today's retail world. Sears plans to open small-format stores called Sears Home & Life. These stores will sell "hardline" items such as tools, lawn and garden equipment, appliances, and mattresses. In the old Sears, hardline items had long outsold "softlines" such as clothing.Still, as mentioned earlier, the company has lost the well-regarded brands it used to control. Today, we can now see how its catalog business served as a precursor to e-commerce. However, the company stopped publishing the catalog in 1993, the year before Jeff Bezos founded Amazon (NASDAQ:AMZN). Moreover, despite the strength of Sears in hardline items, consumers have grown accustomed to buying those items elsewhere. Given these challenges, earning long-term profits in Sears stock remains difficult even at its depressed share price. The Bottom Line on Sears StockNeither suing its former chairman nor the move toward hardlines gives Sears stock much of a chance of re-emerging. Sears may have a strong case against Mr. Lampert and ESL. However, even if the lawsuit succeeds, Sears must again make itself a destination store, this time without the brands which bolstered the company in the 20th century.Unfortunately, it appears the retail world has moved on from Sears. Yes, it is possible to place one's gambling money in Sears stock and earn a massive payoff in a revitalized Sears. However, if we apply the lessons from the Milton Friedman interview, it is also possible that a merger of Amazon and Walmart could also happen someday. Such is the power of the market forces in retail that Dr. Friedman understood during his lifetime. * 5 Top Stock Trades for Tuesday: TSLA, TWTR, TTD, O While knowing the past can benefit investors, it is still the future that drives returns. SHLDQ will struggle to become part of that future.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Do Not Expect the Lawsuit Against Lampert to Save Sears Stock appeared first on InvestorPlace.
Stanley Black & Decker's (SWK) first-quarter 2019 earnings to gain from solid product demand, emerging market business and cost-saving actions. Tariffs, forex woes and commodity inflation are concerning.
Stanley Black & Decker (SWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll look at Stanley Black & Decker, Inc.'s (NYSE:SWK) P/E ratio and reflect on what it tells us about the compa...
Stanley Black & Decker CEO James Loree says sales of Craftsman tools are off to a strong start under its ownership. Sorry, Sears.
Stanley Black & Decker (SWK) suffers from high costs related to tariffs, commodity inflation and forex woes. Also, high debt and softness in Industrial segment are concerning.
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 13.5% in the fourth quarter. Seven out of 11 industry groups in the S&P 500 Index were down more than 20% from their 52-week […]
U.S. Trustee Daniel McDermott has asked the U.S. Bankruptcy Court for the Middle District of Florida to appoint a Chapter 11 trustee to oversee the operations of IPS Worldwide. The request is sought due to concern regarding mismanagement of the firm's handling of freight invoices as the company restructures under a Chapter 11 bankruptcy filing. "The company's leadership does not have sufficient knowledge to lead the day to day operations effectively and should not continue receiving compensation," stated Maria M. Yip, the examiner appointed to review the company's finances in her preliminary report presented to the court earlier this month according to the Daytona Beach News Journal.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! As Stanley Black & Decker, Inc. (NYSE:SWK) announced its earningsRead More...
The Zacks Analyst Blog Highlights: Verizon, Goldman Sachs, Kinder Morgan, Citigroup and Stanley Black
Moody's Investors Service ("Moody's") withdrew all of Paladin Brands Holding, Inc. ("IES Global")'s ratings including its B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default Rating and B3 first lien senior secured term loan.
Stanley Black & Decker Inc NYSE:SWKView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for SWK with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SWK had net inflows of $4.10 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. SWK credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Inc. say the former finance chief at a payments processor from which the tool maker is trying to recover money previously faced a civil lawsuit over alleged bogus expense reports and has done prison time. A lawyer representing Stanley Black & Decker in the bankruptcy of IPS Worldwide LLC told a bankruptcy judge Thursday that it is “pretty obvious that there has been fraud, dishonesty, incompetence and gross mismanagement at the top” at the freight-shipping services provider, where the tool maker says $50 million of its money has gone missing.
The new Sears, which does business as Sears and Kmart, claims the old company—before the sale closed—delayed payments to vendors, mischaracterized credit-card receivables and didn’t acquire the promised amount of inventory. The bankruptcy judge didn’t rule on the disagreement at that time, as he was in favor of seeing the sale move forward and the issue being later resolved.
Stanley Black & Decker says Sears' branding of Craftsman products delegitimizes those products being sold in other stores.
Sears is back into court, less than one month after emerging from bankruptcy protection. The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line of professional-grade mechanics tools under the Craftsman Ultimate Collection brand. Sears did not immediately respond to requests for comment.
3M Launches Expanded Beam Ferrule and Connector System3M’s new system In a press release on March 5, 3M (MMM) announced that it unveiled its new Expanded Beam Optical Connector System. The system is designed to enable the industry to meet the