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Fastenal Company Message Board

  • boo12345679 boo12345679 Apr 13, 2010 8:52 AM Flag

    Maniupliate Stock ?

    Is this a manipulated stock ? Current value is very high, it should be a matter of time before this falls ? I cant believe the value. Its not like they have any protected IP ? Its not that difficult to make some nuts and bolts and sell them ? Im not entirely sure why the stock price is so high

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    • Someone mentioned looking at revenue :

      Lets have a look

      Recent revenue $520m
      2009 revenue $1,930m
      2008 revenue $2,340m.

      Valuation $7,500m. Approximately 3.75 x revenue.

      FDO

      Revenue 7,401m Market Cap $5,120m - approx 75%

      TIF (global brand IP, high margin, no competition with brand, global expansion )

      Revenue $2,700 market cap $6,300 aprox 2x revenue.

      Unfortunately it looks like markets are not very efficient. I wonder what mutual fund managers are holding this stock and got 'lucky'.

    • Your absolutely right. I knew it was shorted but, thought it just looks so overvalued.

      The only other thing I would add is that shorting a stock with high inside ownership adds to the risk and reduces the probability of a downward correction. In actual fact you are likely to be hit with a short squeeze and not enough stock to buy if the insiders keep holding.

    • May be you should be looking at least at revenues. How much are they and free cash flow - to get an idea of their business.
      Any one can make/sell nuts and bolts - well, anyone can make computers too; there is difference between business models of Dell and HP.

 
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