Despite the fact that the stock has had an unbelievably strong run, we believe there is further to go and hence we believe the correct approach is to move back to a 'Buy' rating.
We believe that Stanley Works currently represents a good risk/reward opportunity for longer term value investors.
We believe the market is underpaying for this potential.
There seems little danger that this will be viewed as a one-off result, especially since orders continued to grow at a 10-15 percent clip in December.
