Successful investing often requires a fair bit of diligence and
ongoing data collection, but there is always a risk of drawing lines
between data points that shouldn't necessarily be connected. Looking at
the reported monthly sales figures from Grainger (GWW) and Fastenal (FAST), it sounds like MSC Industrial (MSM)
ought to be seeing better daily sales growth than the flat non-growth
that the midpoint of management guidance after the last quarter would
suggest.
While it's dangerous to just assume that Grainger,
Fastenal, and MSC all have the same customer exposures (they most
definitely do not), I nevertheless believe that MSC Industrial will face
some rather pointed questions about market share and the health of its
key markets if results come in weak for the next fiscal period (the
fiscal third quarter).
Please continue here:
If MSC Industrial Doesn't Beat, What Does It Say About The Business?
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