Bill Lantry
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Not looking good for B&D. Don't they own many of the major brands?
http://www.reuters.com/article/marketsNews/idUSN1429699920071214
" NEW YORK, Dec 14 (Reuters) - Tool maker Black & Decker Corp (BDK.N: Quote, Profile, Research) slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.
Black & Decker has been been suffering from a sharp slowdown in U.S. construction activity, the result of the two-year slump in the housing market."
Thanks,
Bill
http://www.reuters.com/article/marketsNews/idUSN1429699920071214
" NEW YORK, Dec 14 (Reuters) - Tool maker Black & Decker Corp (BDK.N: Quote, Profile, Research) slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.
Black & Decker has been been suffering from a sharp slowdown in U.S. construction activity, the result of the two-year slump in the housing market."
Thanks,
Bill