+ Watch FAST
on My Watchlist
The Company sells industrial and construction supplies in a wholesale and retail fashion.
James Grant made a great bear argument. Amazon Supply and Google's entity (can't remember the name) are slowly working there way into this market. FAST's sales and margins are already weakening, but the market doesn't seem to have realized it yet.
New industrial vending programs, controlled new store growth and disciplined expense controls will drive earnings growth over the next year.
Sell-off was over done. Looking for modest rebound.
For reference point and to allow for comments by others. As of the end of March, 2013.ROE 27.01%Trailing PE 35.82PB 9.38Div yield 1.50%
I gave this the green thumb on Investor Beat yesterday. Fastenal is a solid company in a tough industry today. Metalworking along with industrial demand in general is weak and they're feeling the pinch of no organic revenue growth. However Fastenal has a long history of beating the market, it's well-managed and it's fiscally fit. At 30 times normalized earnings it's not a steal, but it is worthy of consideration for investors with a long-term (5 yrs plus) time horizon.
Nasdaq in maximums.
I like the recent sharp decline in price on declining volume and the history of strong bounces from around this level. I also see a bounce in the industries it serves in the next quarter, but this is mostly an "oversold" play that I expect to pay off in a few weeks, and which I don't mind holding longer if it doesn't.
housing recovery, vending machines
It got a little ahead of itself, but will continue to grow with the construction recovery.
The stock currently looks over valued but FAST will continue to be a long term win.
Not an exciting stock like an Apple or Google but kicks the market's behind for years and pays a nice little regular yield. This is a great, steady, no frills money maker.
good history safe stock
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/
Solid business Wide moat/durable competetive advantagesPersistent/predictble FCFs, returns on capital and profit marginsStrong balance sheet (cash, D/E, Current Ratio, etc)Managers are competent stewards of owner capitalCurrently trading well above FVFair value = 30.80Moderate-High FV uncertaintyBuy with 37% MOS below 19.70Sell now above 41.90
Good management, great net margin and ROI, dividned, and great projected growth.
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