As of this summer, I've been following MSC Industrial (NYSE:MSM)
in one capacity or another for 20 years. That's a long time to pay
attention to any one company, but throughout that time I have been
impressed with MSC Industrial's business plan and the ability of its
executives to execute to plan even across multiple management
transitions.
What that boils down to is that I do
have a lot of respect for this company and I think it is relatively
well-run. That said, there are worrying signs regarding the health of
this business that I think investors should carefully consider. This may
well prove to be one of those rough patches along another positive
long-term trajectory, but I do believe the challenges that MSC is facing
are growing bigger, not smaller, and that the valuation is not such
that the risk-reward balance is inarguably compelling.
Continue here:
MSC Industrial's Struggles Shouldn't Be Ignored
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