FeedPosted Nov 3rd 2009 3:20PM by Joseph Lazzaro (RSS feed)
Filed under: Deals, Black and Decker (BDK), Stocks to Buy

A double win: I'm Reiterating by Buy rating for New Britain,Conn.-based tool maker
Stanley Works (NYSE:
SWK) after the company
announced Monday it will buy
Black & Decker Corp. (NYSE:
BDK) for $4.5 billion in an all-stock deal.
Stanley, first recommended
on February 10, 2009 at a price of $32.88, sees the deal as $1 accretive to earnings per share within three years.
Meanwhile, shareholders of Black & Decker, first recommended
on April 17, 2009 at a price of $33.53, will receive a 22.1% premium to BDK's closing price as of Friday, October 30, 2009 of $47.22, or about $57.65 per share. Hence, if you bought BDK in April, that represents a 71.9% gain for owning the stock about six months. Not bad.
Continue reading Stanley Works buys Black & Decker: A win/win for shareholders
Posted Nov 3rd 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market matters, Black and Decker (BDK), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says opportunistic mergers help deliver value to shareholders during difficult times. The companies aren't oblivious to this difficult environment. It isn't just that they look at the futures and say, "Uh oh, here comes another bad one" -- the reaction we all feel today. No, it doesn't work like that. They realize that growth's been lowered worldwide and that they can't do it on their own because they don't have critical mass and they have to give up and get together with others in their industries to bring out value.
Black & Decker (NYSE:
BDK) (
Cramer's Take) and
Encore (NYSE:
EAC) (
Cramer's Take) came to this exact same conclusion at the same time. They just can't make more money for their shareholders independently than they can with other partners. With Encore settling for
Denbury's (NYSE:
DNR) (
Cramer's Take) bid and Black & Decker agreeing to be acquired by
Stanley Works (NYSE:
SWK) (
Cramer's Take), both are settling for about half of what their companies were worth two years ago. But the world has changed in two years, and a lot of the rosy scenarios that justified being independent have to be reconsidered.
Continue reading Cramer on BloggingStocks: Going it alone isn't always wise
Posted Nov 2nd 2009 3:20PM by Joseph Lazzaro (RSS feed)
Filed under: Black and Decker (BDK), Stocks to Buy

As expected,
Black & Decker Corporation's (NYSE:
BDK) stock is recovering ahead of the U.S. housing sector's better days, which is why I'm Reiterating my Buy rating for the company's shares, first recommended
on April 17, 2009 at a price of $33.53. If you bought BDK in April, you're up about 42%.
Look for a 4-7% revenue increase for BDK in FY2010, and an 8-10% gain in FY2011, mostly on the U.S. housing sector's stabilization, which will boost the company's power tools and home improvement segments. In this case, 'less bad is good enough' for Wall Street: only mild housing sector growth is forecast, but given the housing sector's three-year swoon, it will look like a day at the beach.
Continue reading Black & Decker is rising with the U.S. housing sector's recovery
Posted Oct 22nd 2009 7:30AM by David Schepp (RSS feed)
Filed under: Before the bell, Earnings reports, eBay (EBAY), AT and T (T), Black and Decker (BDK), Bristol-Myers Squibb (BMY), Chubb Corp (CB), Chipotle Mexican Grill'A' (CMG), Economic data, Bunge Ltd. (BG)

Despite largely positive corporate earnings reports, investor caution has set upon Wall Street. For the third straight day stocks are set to move into negative territory, with futures showing the three major U.S. indexes heading lower ahead of Thursday's opening bell.
Some blamed Wednesday's near 1% drops in the Dow Jones industrial average and the S&P 500 on a late-day sell-off driven by the latest
Beige Book survey from the Federal Reserve that showed the economy is ever so slowly emerging from recession -- too slowly, it would seem, for investors.
Continue reading Before the bell: Investors' caution reigns amid earnings season
Posted Sep 17th 2009 9:00AM by Jim Cramer (RSS feed)
Filed under: Ford Motor (F), Home Depot (HD), Market matters, AutoNation Inc (AN), Black and Decker (BDK), Fortune Brands (FO), KB HOME (KBH), Lennar Corp'A' (LEN), Toll Brothers (TOL), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says don't heed the pundits -- allow yourself to believe things are improving. Skeptical, or impossible? That's how I am posing the dilemma of the "pull through" argument whether it involves
Ford (NYSE:
F) (
Cramer's Take) and "Cash for Clunkers" or
Hovnanian (NYSE:
HOV) (
Cramer's Take),
Lennar (NYSE:
LEN) (
Cramer's Take),
Toll (NYSE:
TOL) (
Cramer's Take),
KB Home (NYSE:
KBH) and
Pulte (NYSE:
PHM) (
Cramer's Take) and the $8,000 tax credit.
Right now any time there is a stimulus program of any sort, the pundits/media/money managers all decide the most important single issue isn't what it will do to the numbers, or whether it will work at all, but what will it do to the "pull through." How much of future sales will it "steal"?
Continue reading Cramer on BloggingStocks: Missing the big picture
Posted May 6th 2009 4:10PM by Jon Ogg (RSS feed)
Filed under: Amazon.com (AMZN), Walt Disney (DIS), Citigroup Inc. (C), Bank of America (BAC), Black and Decker (BDK), Garmin Ltd (GRMN), Visa Inc. (V)

Today was the day that the stress test results leaked out, showing many banks
needed to raise capital. That had no negative impact as the numbers could have been much worse, and this notion may have dealt a final blow to the bears betting that the financials (and market) were going to tank lower on bad news.
Stronger than expected
ADP jobs data came out ahead of this week's unemployment report and helped. Here were the unofficial closing bell levels:
Dow 8,513.95 +103.30 (1.23%)
S&P 500 919.42 +15.62 (1.73%)
Nasdaq 1,759.10 +4.98 (0.28%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: Did the bears just capitulate? (GRMN, BX, V, AMZN, C, BAC, DIS)
Posted May 5th 2009 10:30AM by Jim Cramer (RSS feed)
Filed under: Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Intel (INTC), Market matters, Bank of America (BAC), Black and Decker (BDK), Research in Motion (RIMM), United Parcel'B' (UPS), U.S. Steel (X), Freep't McMoRan Copper (FCX), Wells Fargo (WFC), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says it's hard not to capitulate when your clients demand irrationality. When I was weighted short and we would have these seemingly endless days of rallying, it was the mornings that would get me. The mark-ups of the futures, the refusal of Asia or Europe to go down, the "tone." It was relentless.
Then I would get to the office and, after a long period in which all I heard were downgrades, I would be greeted by upgrades, where I would always scream, "Now? Now they upgrade
Intel (NASDAQ:
INTC) (
Cramer's Take)?" Or, "He's putting
Research In Motion (NASDAQ:
RIMM) (
Cramer's Take) on the list now, after this run?" Or, "
Wells Fargo (NYSE:
WFC) (
Cramer's Take) goes from hold to buy? After it ran up 4 points? What is he thinking?"
Continue reading Cramer on BloggingStocks: The pain of being rational
Posted Apr 17th 2009 10:20AM by Joseph Lazzaro (RSS feed)
Filed under: Black and Decker (BDK), Stocks to Buy

It goes without saying that this market remains a market for the bold only. There are some 'greens shoots' sprouting in the economy, to cite a phrase popularized by Fed Chairman Ben Bernanke, but there still are formidable problems.
That said, no one ever made a dime by establishing stock positions when things were 99% safe: by that time, almost every stock has been bid-up. You have to prudently-bottom fish, and with this in mind,
Black & Decker (NYSE:
BDK) is worth a review.
Continue reading Black & Decker warrants consideration
Posted Apr 2nd 2009 11:10AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Amazon.com (AMZN), Abbott Laboratories (ABT), AutoZone Inc (AZO), Black and Decker (BDK), Goldman Sachs Group (GS), Analyst initiations, Blackstone Group L.P (BX)
Analyst upgrades:
- Citigroup upgraded Abbott Lab (NYSE: ABT) to Hold from Sell on valuation following the stock's recent underperformance. The firm maintains a $48 price target.
- Deutsche Bank upgraded shares of Pepsi Bottling (NYSE: PBG) and Dr. Pepper Snapple (NYSE: DPS) to Buy from Hold as they believe carbonated soft drinks market is showing signs of stabilization. The firm raised its price target on Pepsi Bottling to $28 from $25 and on Dr. Pepper Snapple to $22 from $20.
- Baird upgraded CommScope (NYSE: CTV) to Outperform from Neutral and raised their target to $19 from $10 as they expect fundamentals to bottom in Q1 and ramp strongly in Q2 as wireless capex outlook improves.
- Sinopec Shanghai (NYSE: SHI) was raised to Buy from Sell at Goldman.
- TRW Automotive (NYSE: TRW) was upgraded at JP Morgan to Neutral from Underweight.
Continue reading Analyst upgrades, downgrades and initiations: ABT, DPS, BDK, AMZN, GS ...
Posted Feb 2nd 2009 9:05AM by Jim Cramer (RSS feed)
Filed under: Earnings reports, Market matters, Caterpillar (CAT), Black and Decker (BDK), Colgate-Palmolive (CL), Procter and Gamble (PG), Cramer on BloggingStocks, Recession
TheStreet.com's Jim Cramer says stocks are headed lower, perhaps much lower, even if the banks receive the help they need. You can see it dawn on people one by one. We aren't coming out of this morass, we are just going into it. The president and Congress aren't serious about it. But more importantly, somehow, the companies are stunned by it.
If you want to read about what it is like to recognize that things are falling apart, go read the
Textron (NYSE:
TXT) (
Cramer's Take) quarter. They actually thought there would be some improvement at year-end. That's not going to happen to a Cessna manufacturer with a commercial finance division of dubious worth. Perhaps there was some hyperbole, but Textron said it was the worst manufacturing time ever!
Continue reading Cramer on BloggingStocks: We're just entering this morass
Posted Jan 31st 2009 8:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Starbucks (SBUX), Ford Motor (F), 3M Corporation (MMM), Halliburton (HAL), Netflix, Inc. (NFLX), Altria Group (MO), Black and Decker (BDK), ConocoPhillips (COP), Procter and Gamble (PG), Verizon Communications (VZ), duPont(E.I.)deNemours (DD), Amgen Inc (AMGN), Honeywell Intl (HON), Wells Fargo (WFC)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Ford, P&G, Wells Fargo, Starbucks, DuPont, Halliburton and others
Posted Jan 7th 2009 9:24AM by Jim Cramer (RSS feed)
Filed under: Dell (DELL), Intel (INTC), General Motors (GM), Home Depot (HD), Market matters, International Business Machines (IBM), Citigroup Inc. (C), Johnson and Johnson (JNJ), Black and Decker (BDK), Sears Holdings (SHLD), Lowe's Cos (LOW), Wells Fargo (WFC), DJIA, Stocks to Buy, Stocks to Sell, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the next six components include one that may vanish from the index, as well as a top pick. This is the third part of Jim Cramer's series of predictions for the Dow components in 2009. Be sure to read the
first and
second parts.
General Motors (NYSE: GM) (
Cramer's Take): I believe GM will disappear from the Dow in 2009, a historic change. GM could, like AIG (NYSE: AIG) (
Cramer's Take), become a zombie stock, if the common stock isn't crushed in 2009 by bankruptcy. The GMAC deal is a windfall for the company, though, and a "soldier on" situation could be in the works.
The best hope here is a
Citigroup-like (NYSE:
C) (
Cramer's Take) investment where the common stock is bolstered, but the union situation makes it highly unlikely that the company's fortunes can turn. This one's problematic for my whole Dow Jones projections because I believe its near or total obliteration will allow the Dow keepers to replace it with something that can rally in 2009. Cost-cutting just won't make it; there is way too much overcapacity in this industry.
Fortunately, given its reduced size, GM's disappearance won't hurt the averages much. If you really like this one, please play the GM Senior Convertible Debentures C (GPM), which is a convertible preferred with a high yield.
Continue reading Cramer on BloggingStocks: Cramer bullish on the Dow for '09 -- Part III
Posted Dec 31st 2008 9:30AM by Jim Cramer (RSS feed)
Filed under: Market matters, Johnson and Johnson (JNJ), Black and Decker (BDK), Procter and Gamble (PG), Gilead Sciences (GILD), Eaton Corp (ETN), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says we have the right people in charge, so 2009 looks a lot brighter. Send out the clowns. That's how I am looking at 2008.
The people who got us in this mess, whether it be Chris Cox -- last-minute stifling of any accounting hopes ... thanks, Chris! -- or the incredibly overrated and somehow revered Hank Paulson, and, most important, President Bush. Not for a minute did that man do anything to get us out of this jam. It is telling that when people speak of the outgoing administration on Wall Street, they never speak of Bush. It's all Paulson and some Bernanke, a Bush appointee. But in the biggest economic collapse statistically since the Great Depression, the president has played no role and clearly doesn't understand most if not all that is happening around him.
When we speak of the next administration and domestic policy, it is clear that we are going to speak about President Obama. He won't fob it off or deny what's happening. And remember, this crisis got very deep because the man at the top said the fundamentals were sound, and repeated that over and over and over, right up until the beginning of 2008, which is why things are as horrible as they are. And they are horrible. The president's advisers, no doubt cowed by a clueless chief, never wanted to differ, and Bernanke reminds me of one of those academics around presidents Kennedy and Johnson, a brilliant man who has gotten us into the equivalent of a domestic Vietnam. He's finally bombing the heck out of the economy, but it was too late, and now a new administration has to clean up his and Paulson's and Bush's mess for him.
Continue reading Cramer on BloggingStocks: Ending an awful year
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