Shares in toolmaker, outdoor products, and industrial products company Stanley Black & Decker (NYSE: SWK) declined nearly 60% since the start of the bear market in early January of last year. 

The decline comes in a period where just about everything that could have gone wrong did for the company. Management started the year expecting margins to improve as supply chain challenges eased, while hoping that pandemic-inspired DIY tool sales would remain strong. In addition, the integration of outdoor products company MTD promised to strengthen the company's position in a complementary category -- DIY tools and lawn and garden products are often sold in the same hardware stores.

It didn't happen. The raw material and supply chain cost issues persisted and were much more significant than initially estimated. Meanwhile, interest rate increases pressured consumers, particularly in housing-related industries, and Stanley is now struggling to reduce its inventory of products. To cap it all off, poor weather hit outdoor product sales. 

Continue reading

Source Fool.com