Arguing with the market may be a great way to get rich slowly, but it can also be an excellent way to get poor quickly. Fastenal's (FAST) valuation left the surly bonds of reality a while ago, but shorting the stock would have been quite painful until about the past two weeks. While Fastenal's model seems poised to continue delivering growth highly leveraged to manufacturing sector expansion, valuation makes this more of an economic momentum play than a rationally-valued security.
First Quarter Results - Good, Apart From A Worrisome "But"
For the most part, Fastenal delivered a very solid performance in the first quarter. Relative to other industrial suppliers like Grainger (GWW) and MSC Industrial (MSM), Fastenal continues to be the growth story and revenue jumped 20%
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Fastenal Amazing In At Least 2 Respects
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