Thursday, April 11, 2013

Investopedia: Weak Metalworking Rusting MSC Industrial's Growth Outlook

These are not great times for the industrial sector. Worries about the fiscal cliff transitioned into fears of sequestration, and a variety of metrics are showing decreasing industrial activity. That is spilling into the results of industrial component suppliers like Fastenal (Nasdaq:FAST) and MSC Industrial (NYSE:MSM). While MSC Industrial's near-flat revenue growth this quarter and flat guidance are certainly unsettling , I think the long-term growth story here is still an attractive one and I'm happy to hold onto my shares.

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