The biggest attraction today among investors looking at Stanley Black & Decker (NYSE: SWK) is the stock's historically high 3.96% dividend yield. The list of negatives, meanwhile, is as long as your arm, making it hard to get excited about stepping into the stock. But, for investors that think in decades and not days, this industrial toolmaker could be a buy-and-hold dream.

Stanley Black & Decker makes tools, and its business is highly cyclical, moving up and down along with economic activity. Exacerbating the swings here is the fact that a large portion of its business is exposed to consumers, who tend to pull back on spending more quickly than the business customers that are more typical in the industrial sector. The current economic weak patch, which comes at a time of fast-rising inflation, is particularly difficult on the company.

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Source Fool.com