Better Buy: 3M or Stanley Black & Decker?
Both Stanley Black & Decker (NYSE: SWK) and 3M (NYSE: MMM) are Dividend Kings that have experienced a torrid 2022, with the former down 57% and the latter down 36%. That said, investors buy stocks based on looking forward rather than looking back.
If you're a value-orientated investor looking for a stock to buy on a dip while waiting for a recovery (and enjoying a good dividend), then buying one or both of these stocks might make sense. Here's the lowdown.
Stanley Black & Decker's management started the year expecting a gradual easing of supply chain pressures and raw-material costs. This would lead to profit-margin expansion and ongoing strength in sales of do-it-yourself tools and outdoor products. Unfortunately, the supply chain pressures have proved unrelenting.For example,management started the year expecting $800 million in cost inflation, only to upgrade that figure to $1.4 billion in late April.
Source Fool.com
