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Fastenal Company Message Board

  • xyzcompany xyzcompany Mar 7, 1999 9:05 PM Flag

    Getting out

    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.

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    • 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.

      • 1 Reply to hartstoc
      • 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.

        April keep an eye on April 40 & 45 call contracts.
        Don't get out now, hold till after earnings.

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