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Fastenal Company Message Board

  • alscott57 Oct 20, 2007 11:07 AM Flag


    new at this so I am not sure that the link will come thru. FAST one of the top 20 growt companies out there. Rated 5 stars with morningstar, s&p and also A rated. global footprint, great management, and easy to understand product.

    I am really tired of hearing all the negative crap on this board. Go some where else to spew such trash! For the first time in history we are finally allowing the rest of the world to carry its own weight by allowing the dollar to weaken. Now We have an advantage!!!!!!!!! Our stuff is excellent and now also pretty dog gone cheap in comparison to the euro or pound. people are coming here to spend from outside the US and we are exporting our goods to them!!!!!!

    Our economy may be slowing and oh well instead of our house going up 50% in the last 5 years it may only be worth 10% more than what I bot it for. I don't like it, but it won't kill me or the economy. Speculators you will be slaughtered and you took the risk, you pay the price. Part of the game. You should have the assets to handle it.

    The economy is slow but no recession. Well run global growth companies like FAST will still flourish. So take your trash else where.

    Longs are you not tired of this junk????????????

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    • The weak US dollar will also cancel windfall profits. FAST imports almost all their fasteners and pays for them in US dollars. If I remember right,a majority of CSP items are imports too. If you think FAST will be able to start sourcing their items domestically, you are kidding. Wurth still dominates Europe to the tune of 8 billion dollars in fasteners. FAST is huge in North America, but only a 1/4 of the true big global players. Sorry to add more negative crap.

    • Fastenal
      Sales at this distributor of fasteners and other industrial and construction supplies should increase by 17% in 2008 with help from store openings, market share gains, and expanded product offerings. We expect net margins to widen slightly in 2008 on improving sales and cost controls. Our per-share earnings estimate is $1.85 for 2008, up from the $1.55 we see for 2007 and the $1.32 posted in 2006. We are particularly bullish about Fastenal's new growth strategy. The plan calls for the company to slow its rate of store openings, while increasing the number of the sales staff at its stores. We believe this will allow Fastenal (FAST) to wring more sales and profits from its existing sites, and to add stores over a longer period of time.

      Fastenal trades at 24 times our 2008 earnings estimate, in the lower end of its range for the past decade. Based on our positive view of the company's new operating strategy and profit growth outlook, we think a p-e multiple in the upper half of Fastenal's range is merited. Our 12-month target price is $59, or 32 times our 2008 earnings forecast. We have a 5 STARS (strong buy) rating on the shares.

      Risks to our recommendation and target price include an inability for Fastenal to make a successful transition to its new business model.

    • When/where did FAST become global?.............Down from 52 to 42 I think ,we who are negative have got it right......You made 500%....Why the greed..............the funds and the youngins are the longs...........why would anyone want them to have more ,don't they already have the world ....APPL,CROX,GOOGLE, etc .....................It's time the 20 to 60 yr olds lose a few innings OK ....How about buying value and solid blue blood issues like VELC @ $21, MRO @ $55, KHD @$ 38, BTE yld'g a solid 11% into the next decade.........NGPC TOO! Shorting is where we earn our living,but longterm security is where we invest personal opinion

    • yep but it seems those selling FAST are

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