Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments, and therefore need to select only the companies that present the least amount of risk.

This article is part 1 of my 54 part series covering each Dividend Aristocrat in detail. This article covers the current events, recession performance, valuation, competitive advantage, and future growth prospects of Stanley Black & Decker (SWK)

SWK is a diversified global provider of tools and related accessories, mechanical access solutions; electronic security solutions, engineered fastening systems etc.

Try to understand the past and think an investment through to its logical conclusion.