Fastenal's Bizarre Financial Reporting Sequence (FAST)
posted on: January 23, 2006
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FAST
Construction supply company Fastenal (FAST) has a bizarre technique in reporting financial news: One day, after trading, it announces a dividend. The very next morning, before market open, it announces its earnings.
I know you get to make two releases over two days and try to get your name out there, but consider this scenario: Usually dividends are good news and investors can at least enter orders for the very next morning assuming the news is favourable. Scary to think what would happen if there was a tough quarter, which almost everyone has from time to time. The lag effect may be parlayed by the nimble and astute. Is this a secret sign like tugging at your ear??
FAST 1-yr chart:
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