It’s still very early in the reporting cycle, but these first few
reports maybe ought to have investors reconsidering the popular
second-half short-cycle rebound assumption. Fastenal (FAST)
did okay relative to expectations, but the business has definitely
slowed and management gave no indications that they see conditions
improving soon. Add in similar reports from MSC Industrial (MSM), Sandvik (OTCPK:SDVKY), and Yaskawa (OTCPK:YASKY) and it’s too early too panic, but maybe the right time to start refreshing that “buy when a pullback happens” list.
Read the full article here:
Fastenal Will Be Fine, But Watch The Short-Cycle Recovery Story
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