Entering text into the input field will update the search result below

Snap-on: Time To Snap A Position

Apr. 03, 2022 5:13 AM ETSnap-on Incorporated (SNA)9 Comments


  • Snap-on has seen continued stagnation in the share price while the company has delivered on modest growth.
  • Solid operational achievements have lowered expectations, all while the balance sheet has strengthened further.
  • I like this set-up, as the valuation, track record and long-term position are compelling enough to hold a position here.
  • Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. Learn More »

Set van de professionele tools. Close-up van chroomsleutelhulpmiddelen die in doos worden georganiseerd.

iantfoto/E+ via Getty Images

Snap-on (NYSE:SNA) surfaced on my radar again as shares have appeared on the list of stock which have set a 52-week low. This in itself is enough of a reason to update a thesis which goes back

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!

This article was written by

The Value Investor profile picture

The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.

As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (9)

Vandooman profile picture
I took some profits a couple of years ago but by being patient I now have a 560% gain on my remaining sizeable position and 18.5% yield on book cost. It isn't unusual for a great company to go sideways for a while. Trading in and out assumes you will be in when things take off. Unfortunately, there is often little warning of an upside surprise. As Charlie Munger said, buy a great company then sit on your ass.
@Vandooman plus that assume pscyhologically someone could handle buying in above what they expected to or where they sold at. It's tough psychologically to look at each buy / sell as a completely separate and distinct action rather than connecting it to some previous purchase or sale.
Thanks for the article. I am a dividend income growth investor and look for historically attractive yields to buy and hold for a growing income. 3.2% or better is historically pretty good yield for this company. This would give an entry point of around $180. If the DGR remains over 10% it would be a great fit for my portfolio. I like their business!!!
Overpriced. Worth a look around $150, but by that time, the US will be in recession.
@7357851 I like your entry, I may sell some $150 puts. Can probably earn at least equivalent to the dividend while I wait.
Edward J. Roche profile picture
Value line sees very modest growth in eps and revenues around 4-5%/yr. Not too exiciting.
"Time to snap UP a position," not "time to snap a position."
@Doggywag I would go with "Time to Snap On a position".
Dividend Ambassador profile picture
@Doggywag I’d go with “Time to Snap-ON a position”.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About SNA

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on SNA

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.