FIN Fastener Stock Index Up 1% for 2000; Stock Markets Down 10%
FIN Fastener Stock Index Up 1% for 2000; Stock Markets Down 10%
John Wolz
The FIN Fastener Stock Index edged up 1% for the full year of 2000, easily outperforming an index of related stocks, which dropped 10%.
The fastener gain represents a reversal of fortunes from 1999, when overall stocks jumped 29% while fastener stocks plummeted 11%.
In 1998 the related stock markets rose 16%, compared with fastener stocks gaining 3%.
Showing gains of 10% or more are Allegheny, Barnes, Danaher, Fastenal, Lawson Products, Penn Engineering, Precision Castparts and SPS Technologies.
Losses of 10% or more include Aviall, Black & Decker, Chicago Rivet, Eastern Company, Fairchild, Honeywell International, Industrial Holdings, Ivaco, Kaydon, Nucor, Park-Ohio, Pentacon, Questron, SunSource, Textron and Trans-Technology. \
�2001 FastenerNews.com
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