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Company: Stanley Works (SWK)
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  As SWK moves more operations abroad, it exposes itself even more to housing

SWK's new strategy is to move more operations abroad to decrease its exposure to one customer base, but active competition in all of its businesses segments will add pressure to overall revenue growth. Further, by decreasing customer base, SWK is making itself even more exposed to housing, which has still remained low despite the economic recovery. As government subsidies for new housing is lifted, this huge dependence may have unfavorable impact on SWK.

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