Fastenal sells
and delivers industrial and construction supplies (threaded fasteners, tools
and equipment, cutting tools and abrasives, components and accessories for
hydraulics, pneumatics, plumbing and HVAC, material handling products and
janitorial, welding, safety and electrical supplies) through both wholesale and
retail channels in the US ,
Singapore , Canada ,
Mexico , China ,
the Netherlands
and Puerto Rico .
The company has grown its profits and dividends rapidly over the last 10
years (17% and 49% respectively) while earning a 16%+ return on equity. FAST
suffered along with most other companies during the 2008/2009 economic
downturn; however longer term, the company should continue to produce excellent
results as a result of:
(1) expansion of its product line,
(2) installation
of a more efficient distribution system,
(3) effective cost controls,
(4) a ramp up in
the number of store openings as the economy continues to strengthen--store
openings being an important component in FAST ’s
growth,
Negatives:
(1)
revenues are sensitive to economic conditions,
(2) rising raw
material and fuel costs.
Statistical Summary
Stock Dividend Payout # Increases
Yield Growth Rate Ratio
Since 2003
Debt/ EPS Down Net Value Line
Equity ROE Since 2003 Margin Rating
Chart
Note:
FAST stock made good progress off its March
2009 low, quickly surpassing the downtrend off the September 2008 high (red
line) and the November 2008 trading high (green line). Long term, the stock is in an uptrend
(straight blue lines). Intermediate term
it is a trading range (purple lines). The
wiggly blue line is on balance volume. The
Aggressive Growth Portfolio owns a 50% in FAST ,
having Sold Half in early 2012. The
upper boundary of its Buy Value
Range Sell Half
Range
12/13
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