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"SNA: Tools Group +1.7% after 4 quarters of decline, RS&I growing, C&I -8%. Cash building, 2.75% dividend yield. Management blames politics/macro, but likely pandemic pull-forward. 4-year equipment financing cycles end 2025-2026, setting up rebound. Tariff winner + Big Beautiful bill beneficiary. 30% upside to $370-390, limited downside to $300."
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