FIN Fastener Stock Index Up 6.2% for 2001

John Wolz

The FIN Fastener Stock Index rose 6.2% during 2001, compared with overall related industrial stocks increasing 7.3%.\
The fourth quarter boosted the percentages, with the FIN Fastener Stock Index jumping 13.2% in the final three months of the year. The overall related stocks were up 14.4% in the final quarter.

Star performers included Illinois Tool Works rising from 59.56 to 67.72; Nucor, 39.69 to 52.96; Fastenal, 54.88 to 66.43; Chicago Rivet, 16.88 to 22.50; Barnes, 19.88 to 23.99; Aviall, 5.66 to 7.55; R& B, 0.09 to 6.95; and Trans-Technology, 3.19 to 10.20.
Among stocks dropping in price were Alleghany, 205.50 to 192.45; Black & Decker, 39.25 to 37.73; Danaher, 69.38 to 60.31; Precision Castparts, 42.06 to 28.25; SPS Technologies, 54.81 to 34.92; Textron, 46.50 to 41.46; and Federal Screw Works, 41.25 to 35.01.
Several fastener stocks were mired in low numbers for the year: Fairchild dropped from 5.50 to 2.90, and Park-Ohio dipped from 4.88 to 3.18.
Pentacon started in the cellar at 0.81 as JIT on the New York Stock Exchange. During the year Pentacon was dropped from the NYSE and ended at 0.215 as PTAC on the OTC Bulletin Board. Park-Ohio dipped from 4.88 to 3.18.
Industrial Holdings started the year at 1.06 and dropped below the dollar mark before selling off several companies and being acquired by T-3 Energy Services. T-3 began 2002 at 10.75.

�2002 FastenerNews.com