Fastenal Company (NASDAQ:FAST)
CAPS Rating:
The Company sells industrial and construction supplies in a wholesale and retail fashion.
The Company sells industrial and construction supplies in a wholesale and retail fashion.
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Insider Trading brought me to this stock. Valuation is high, but growth opportunities trump that concern. Was not familiar with the company prior to this week - Surpirsed that it is roughly the same size as Grainger - A name that I am familiar with. One of the coolest things this company does is place product vending machines in their customers facilities - You can walk up to the machine and by a 3/8" carbide drill bit or whatever else you may need - Likely not much profit in the actual drill bit, but the visablity of the machines and the ability of the Fastenal salesmen to gain access to these business on a weekly basis is invaluable.