On the Editor’s Desk

Distributors: Go here and fill out the survey, if you haven’t already.

Here are the highlights from Stanley’s 4Q numbers, released yesterday:
Their “Security” segment did $410m, with $75m of that profit. Nice margin of 18.4 percent. When you consider Stanley paid $545m to acquire HSM, and, conservatively, half of that profit is directly attributable to the HSM platform, it seems more and more like a good buy. [...]