Fastenal's Bizarre Financial Reporting Sequence (FAST)

| About: Fastenal Company (FAST)

Construction supply company Fastenal (NASDAQ: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:

About this article:

Tagged: , General Building Materials
Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here