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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (75776)	12/15/2006 2:08:17 PM
From: mishedlo	Read Replies (1) of 110194

pricing power on tools Black & Decker Lowers Profit Forecasts on Sales Drop Dec. 15 (Bloomberg) -- Black & Decker Corp., the second- biggest U.S. maker of power tools, cut its fourth-quarter forecast because of ``significantly' lower sales in the U.S. Earnings per share for the fourth quarter will be $1.30 to $1.35 a share, down from a previous forecast of as much as $1.90, the Towson, Maryland-based company said today in a statement. The average estimate of 11 analysts surveyed by Bloomberg is $1.87. Fourth-quarter sales will probably decline 8 percent because of a slowing U.S. housing market and falling demand for goods such as power saws. Stanley Works, the biggest U.S. toolmaker, cut its sales forecast October 24. bloomberg.com

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