John O'Connell, CFA
Black & Decker Corp
BDK-N
BUY
May 26, 2020
Well-run, though they are struggling with supply chain and tariff issues. Ultimately, these problems will go away. Construction has been impacted a bit, but if your time frame is long, BDK will reward you.
The trend to more home ownership and more renovations has been good for this stock. Not sure that this trend can continue as strong. Would be well to take some money off the table.
Last earnings were good. Lots of organic growth. More than 40% of revenues are international. Exposure to housing market for DIY'ers fixing up their homes that'll provide good growth for a long time.