FIN Fastener Stock Index Drops 11.2% in 2003 Q1

Jason Sandefur

The FIN Fastener Stock Index dropped 11.2% during the first quarter of 2003, compared with a 3.6% decline in an index of related stocks.\
Most fastener stocks fell during the opening quarter. Fasteners stocks losing more than 10% include: Alcoa, Black & Decker, Dover, Honeywell, Kaydon, Textron, B/E Aerospace, Fastenal, Lawson Products, Park-Ohio and Ivaco.
Among the few gainers were Barnes, Danaher, General Electric, PennEngineering and SPS Technologies. �2003 FastenerNews.com