2024-04-17 04:55:00 ET
There's an old Wall Street maxim that says the best time to buy is when there's blood in the streets. That might be a bit extreme for most investors, but the point is that you can often find the best deals on stocks that other investors are afraid of.
Right now Stanley Black & Decker (NYSE: SWK) and Black Hills (NYSE: BKH) are out of favor, which is why you might want to take a closer look at these two historically cheap Dividend Kings.
A "fallen angel" is an investing term for a once-beloved stock that has faced some hardship that sent its shares hurtling back to Earth. With a stock price that's down over 55% since hitting a high in 2021, Stanley Black & Decker looks very much like it has lost its wings. There's a good reason for that: Adjusted earnings hit a record high of $10.48 per share in 2021 before promptly falling to $4.62 in 2022 and then to $1.45 in 2023.
For further details see:
2 Incredibly Cheap Dividend King Stocks to Buy Now