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Stanley Black & Decker Looks Pretty Cheap Here

Shares of tool maker Stanley Black & Decker (NYSE:SWK) have seen some relatively volatile action in the past few years but the trend has been unequivocally higher. The stock has posted nice gains over the past three years but has lagged the broader market nonetheless. After Stanley and Black & Decker merged a few years ago the marriage has been a little rocky as the bumpy housing market has seen boom and bust cycles form around tools but things are looking up after a very nice fourth quarter report a week ago. So what do investors do with SWK at its highs? In this article I'll take a look at SWK to see if it's still got some value in it despite trading near its all-time…