The traffic has been slow on this board. I am an ex-employee and a stock holder since the late eighties, but feel it is time to sell this sleeping stock and move on to better things. I have been stuborn for the last couple of years waiting for returns that were equal to the glory years of stock growth. The market has fell out of favor w/ Fastenal and stocks that fall in the same category. I hope that I will not regret getting out, but need to take my returns and invest elsewhere. The company was not a great place to work and I think that ex employees are a good indication of where the stock is heading and from the sounds of things the employees do not respect the company or management and this has compounded as they increase the # of employees.
a PIG. I just can't decide. Fortunately, I sold most of it about six months ago at 46, after it dropped from 54 overnight by missing earnings by .01. Wish I'd sold it all, but I keep thinking that surely it will see a rally eventually. Not feeling so "surely" anymore.
Big upswing come april earnings announcement. it appears that in light of the ongoing recession in FASTs sector they have been able to acheive significant revenue and earnings growth. This growth, which will be represented in their quarterly report, should show indication in the strenthening of this sector.
Begining April keep an eye on April 40 & 45 call contracts. Don't get out now, hold till after earnings.