The markets reacted to the fiscal cliff resolution last week with
relief, but the dickering and delays had real consequences to companies.
As one example, industrial distributor MSC Industrial (MSM)
saw a very pronounced stagnation of business in its fiscal first
quarter, and the Street was not happy to hear lower guidance from
management. While I expect investors to approach this stock with caution
until ISM numbers and reported growth improve, this remains a quality
long-term name for investors to consider.
Please continue here:
MSC Industrial Hits The Cliff
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