2010 Full of Solid Gains for Fastener Stocks
FIN ARTICLE STORE
2010 Full of Solid Gains for Fastener Stocks
2010 was a good year for nearly every company in the FIN Review of Fastener Stocks.
More than 75% of FIN stock companies reported sales and income gains of 10% or more.
Aerospace companies posted solid gains as OEMs used up their inventory and placed new orders on the strength of booming demand.
Likewise, automotive fastener manufacturers enjoyed a robust return to growth as auto builds rose throughout the year.
Deal-making activity in the global fastener industry returned to pre-recession levels during 2010, Pinnacle Capital president Richard Hagan found in compiling his annual “Top Ten Deals” for the fastener industry.
Industrial stocks proved a safe bet for investors in 2010, helping to drive up the FIN Fastener Stock Index 34% — its second straight year of gains of 30% or more.
The 2010 FINdex nearly tripled the performance of an index of related industrial stocks.
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