Black & Decker Share Price Rises 6%
Posted by Neil Bruce - February 05, 2010
I was reading this article with interest. Black & Decker (who were recently taken over by Stanley Works) are riding the storm in these very difficult economic times. Although they warned of continued construction slowdown due to unemployment and limited need for office blocks, shopping centres and warehouses etc it is clear that the great products they have developed are keeping them afloat and ahead of the game.
Black & Deckers brands include the Black & Decker DIY range of power tools, garden tools, automotive tools and dustbusters. They also include the industrial Dewalt range of power tools. I think this has stood them in good stead as they reach across the whole spectrum of consumers.
With a slight uncertainty about where this company will head after the Stanley takeover, it is right that the analysts are slightly conservative with their projections.
Toolstop continues to see growth in all sectors of power tools through the ecommerce website across all brands.
What are your experiences? How long before we pull out of the recession and start building stuff again?
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