5/17/2010
HEADLINES
FINdex Comes Roaring Back

After gaining 10% in the final quarter of 2009, the FIN Fastener Stock Index came roaring back in the first quarter of 2010, jumping 66%. The FINdex, outperformed a composite index of related industrial stocks, which grew 47% during Q1.

Share value growth was impressive for nearly all public companies with fastener holdings. No FINdex companies lost stock value in the opening quarter.

The FIN Fastener Stock Index rose 33.4% during 2009, gaining back most of the value it lost during the stock plunge of 2008. The ’09 FINdex also bested a composite index of related industrial stocks, which grew 23%.

Three FINdex companies lost stock value in 2009: Simpson Mfg., Lawson Products and Park-Ohio.

During the final quarter of 2009 the FINdex grew 10%, while a composite index of related industrial stocks gained 6%.

Public fastener companies gaining 15% or more in stock value during Q4 included Alcoa; Anixter; Black & Decker; B/E Aerospace; and Carpenter Technologies.

©2010 GlobalFastenerNews.com

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