Fastenal Company (NASDAQ:FAST)

CAPS Rating: 2 out of 5

The Company sells industrial and construction supplies in a wholesale and retail fashion.

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Player Avatar bradford86 (99.43) Submitted: 1/16/2012 9:26:30 PM : Underperform Start Price: $46.91 FAST Score: +6.90

298. Fastenal Co. (NASDAQ: FAST) is repping out new all-time highs like it's nobody's business. Sell. Do not think twice. The valuation here is so high that a small mis-step will result in lower prices. The chart is parabolic. Target: $30-$40. I'm betting CAPS points on this one coming back down to earth. Since when can you apply a P/E of 40+ to a company set to grow at less than 20%? Well, if your answer was: "In your dreams." You'd be right. Mark my words, Fastenal will fall below $40 in the next 5 years.

http://beta.fool.com/bradford86/2012/01/16/price-market-part-46/

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