Scotts Miracle-Gro Co (SMG), Stanley Black & Decker, Inc. (SWK): Adverse Weather – Is it a Buying Opportunity?

As a result, retailers like Whirlpool Corporation (NYSE:WHR) have suffered in the first quarter of the year. Whirlpool’s North American sales declined 0.2% this past quarter, accelerating sequentially on a two-year basis by 1.4%, which included the probable drag that the delay in tax refunds had on big ticket items.

The company projects the appliance market to heat up in the second half, as “the company continues to expect full-year 2013 U.S. industry unit shipments to increase in the range of 2 to 3%” I like the company given its attractive valuations. I still say this despite the fact that the stock has doubled in the last 12 months. The stock pays an attractive dividend yield of just above 2%. The earnings of the company are expected to rise by 30% per year over the next five years.

Final word

The adverse climatic conditions and delay in tax refunds have led to a dip in the hard-line stocks. However, common sense and results of April and May sales suggest that the benefits of a ‘proper’ weather haven’t disappeared – rather they have been pushed 2-3 months further into the year.

The article Adverse Weather – Is it a Buying Opportunity? originally appeared on Fool.com and is written by Zain Abbas.

Zain is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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