BK came into our branch the other day and I was
amazed at how sloppy he was dressed. Shouldn't an owner
of a multimillion dollar company dress the part? Or
maybe he was making a statement to us underpaid workers
that having money and owning a company dosn't mean you
have flaunt it.
Anyway, just some fyi.
just for you investers out there, I have been with
Fastenal for nearly three years and our branch is making a
good chunk of money for the company (about 33%
growth), but my base pay has only increased 5%. Very
discouraging to say the least. If Fastenal is to keep quality
employees they need to share more of the wealth or hire
more educated stupid idiots who can't seem to move
from their area because of family reasons---more of
the ones like myself.
With transportation costs increasing by $300,000
nearest junk yard for a run on 72'
pintos. Have to cut those
cost's somewhere. Aw hell it
would be much easier to cut a pay
plan here or there
to make up the 500/grand!!
First of all, I don't own this stock. The gurus
of wall street come out with Earnings Estimates "
ESTIMATES". The market cap of Fast is 1.6 BILLION. Fast comes
up short 1 cent on the gurus' ''estimates''. So now
the experts can justify knocking the stock down 11.6%
or $186,000,000 dollars. It happens every day all
day. Same thing on the up- side.Some Companies are now
leaking earnings slightly on the down side to beat the
estimates . Getting a pop in the price of the their stocks
when the "whisper estimates" come out. If stocks are
that affected lets not call them "estimates". Lets
call them "GUSSES".
Hey Jerky - If you miss the estimate by .01, the
market will burn put the torch to your investment. The
market has no time for companies that do not hit or
exceed estimates. The market is too hot to forgive
failure no matter how strong your balance sheet. I see a
bottom in the mid 30's with an upward trend towards the
end of the year. You will not see 60.00 a share for
Changes do not happen overnight. You need to go
to the right people to make results happen and my
thoughts have always been what goes around comes around
and if that is truely what is happening in your
District when the right people know about it I am sure it
will change. Go back and read the message from
servicewasmile. I gather this is a message from a Regional
Manager of Fastenal. Someone who has been with the
Company for 15+ years and has gone through the good times
and the bad. That is a dedicated employee who has
worked his way to the top and I am sure didn't get there
overnight. The thing that sickens me is bashing the Company
you work for on this site instead of focusing your
efforts on correcting the problem.
redVstar1100, wow! I sure do appreciate your
message. I was beginning to think that there was something
terribly wrong with me and my attitude. It sure was good
to read your viewpoint. I just knew that the next
message was going to rip me for whatever i.e. not
squelling on my co-workiers, more bad attitude, why I even
posted messages, etc.
I believe I am done with
posting on this board as it sickens me to hear from all
of the self-righteous current employees as well as
the investor who has more than a few shares of
I feel much better and as I said before it won't be
long and I will be and ex-employee. I tried my best,
but my best was not good enough.
Gone for good,
but will keep reading.
Kellyray9 sees the good in his branch in that a
good work ethic such as getting out and making sales
and getting product customers hands when they need
it, etc. And he sees the bad in the pot smoking and
beer drinking before the day's over, the sh*tty
working conditions, the general desire to cut expenses at
the cost of discomfort of employees. And having a
good frame of mind and work ethic should mean that he
can find good work in almost any town in any state as
good as U.S. economy has been.
I found out at
Fastenal that I just plain can't cut the mustard as a nut
& bolt salesman for Fastenal. It's like
longtimenosea or killerbzz (I think) have said before, it's not
for everyone. So I left after 2 yrs. Some people
don't take that long even. I am very happy where I work
now. I repair and maintain high and low production
printers, which has nothing to do with fasteners,
One thing I noticed about Fastenal, which may be true
in all sales company's, is that getting ahead
doesn't solely depend on your hard work. Kissing some
really sloppy *ss can go along way. I wasn't good at it,
didn't want to be, and probably never will be. I'm
saying that if you are a branch manager, and your DM
says," start taking the trash home with you so we don't
have to pay for pickup", you better be saying,"Wow,
your a genius, I've been looking for a way to cut
costs. Hey, how 'bout we hit the nudy bar after work my
treat." And DM says, "Why wait, your assistant can take
calls, pack orders, make deliveries, put away truck, do
cycle counts, and clean bathroom by himself can't he?
And if you don't make goal this month, use him as a
scapegoat. Now lets go!"
Ktomashe, Keep up the good
work. You are probably doing more than I ever did at
Fastenal in one day, and the company needs it because
there are too many employees sitting around brownosing
there direct superior or bragging to the branch in the
next town over about hitting goal at 56% margin.
Somebody's got to carry the load so the company stays
profitable, and us investors keep collecting our pennies and
dimes (some lots more pennies and dimes than
I re-state, as in my other posts, Fastenal is a
good company with many good people and does offer
superior service over competitors. There is also alot of
dirty laundry to air, whether it makes current FAST
employees sick or not. And if you look at other msg boards,
you'll see alot of the same.
ktomashe, you are so right and I will heed your
advice and "start looking in the mirror..." "The
unexamined life is not worth living"--Socrates
the problem I have with email or message boards is
that no matter what frame of mind one is in, after a
message is sent it is too late to get it back.
sorry to sicken you, but you have no idea what the
branch I work in is like. Perhaps the employees you work
with don't smoke pot all day every day and start
drinking at 2:00 or 3:00. This has been going on at my
branch since I began working there a few years back (now
maybe that may sicken you)however, we still hit goal.
You see it is easy to pass judgment on me by just
reading a few messages, but maybe you might have the same
attitude if you were in my shoes. You might want to be
carefull how you judge because that is how you will be
judged. It is not only my attitude but the attitude of
Fastenal and the people I work with that adds to the
problem. In my district Fastenal has proven that they do
not care about their employees and are no better than
the sweat shops in third world countries.
should walk a week in my shoes at my branch and then