Here is the real deal on FAST. They have opened too many new stores that are in effect doing $20k a month, and these stores are doing nothing but cannibalizing existing stores, thus #$%$ off
the people working in the older stores. They pay their people peanuts, so the bonus/commission check is a very big deal, and that bonus keeps shrinking due to falling margins and all the other FAST stores they compete with in their business area. Yes, the stores compete with each other.
The people in the stores also compete with each other.
It's like a used car lot, everyone out for themselves.
I don't trust the growth numbers FAST puts out, they seem massaged to death.
Look at the stock price, it is stagnant.
This guy is a disgruntled former employee and for months has been repeating the same bad news about FAST. Their stores ARE successful -- they are opening more and their vending machines are very profitable. FAST has been and will be good to its investors for a long time to come!!