Investopedia: Fastenal's Valuation Leaves No Room For A Slowdown
Make no mistake - Fastenal (Nasdaq:FAST)
is a great company, and a good play on the consolidation of the
industrial supply market. That said, Fastenal's stock carries a
valuation more commonly seen in hot technology stocks than in the
industrial sector. Consequently, while I do believe Fastenal has a
runway to becoming one of the largest players in a market worth over
$150 billion, the stock already seems to be assuming a great future.