Fastenal (FAST) -7.6% after reporting that May net sales grew 13.1%, down from 22.6% last year....


Fastenal (FAST) -7.6% after reporting that May net sales grew 13.1%, down from 22.6% last year. Dividend Channel calls the industrial and construction supplies retailer oversold, especially as it ranks the stock highly. Peers W.W. Grainger (GWW -6.5%) and MSC Industrial (MSM -5.%) are also taking a hit.
Comments (2)
  • 867046
    , contributor
    Comments (380) | Send Message
     
    13.1% growth is good news for several reasons:

     

    1) GWW and MSM seem to source US suppliers for the majority of their products, which is one reason they were my personal preference.

     

    2) FAST, GWW, and MSM also have a hidden clientele, in that they are segment suppliers to the population of small to large corporate population of bench engineers, scientists, and tinkerers etc etc.

     

    3) FAST, GWW, and MSM most likely also correlate with US corporate infrastructure and maintenance budgets.

     

    4) Most likely for most technology companies, FAST, GWW, and MSM are approved suppliers.
    5 Jun 2012, 12:32 PM Reply Like
  • firstinsnow
    , contributor
    Comments (631) | Send Message
     
    Ouch!
    5 Jun 2012, 03:04 PM Reply Like
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