Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

MSC Industrial Slowly Coiling The Spring

As I have written previously, I had no particular expectations that fiscal 2014 was going to be an excellent growth year for MSC Industrial (NYSE:MSM). Not only is the company dealing with the same sluggishness in the industrial sector that has been showing up in the results at Grainger (NYSE:GWW) and Fastenal (NASDAQ:FAST), but the company has committed to making a series of investments this year that are designed to drive and support growth in future years.

I continue to believe that MSC is a good stock to buy during this "reloading" phase. Management here is consistently conservative in its outlook/communications and its approach to the business - running the business for long-term success...

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