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News Breaks
March 21, 2010
05:55 EDTFAST, FASTFastenal is headed for a solid year, Barron's reports
Hardware distributor Fastenal (FAST) was hard-hit by the recession, but the past two months have shown encouraging signs of a pickup. Known for its strong management and steady growth, Fastenal seems headed for a solid year as the economy rebounds. The company's solid balance sheet is another big plus. The company has $195M, or $1.32 a share, in cash and no debt. It pays a dividend that currently produces a 1.7% yield. Over the past five years, Fastenal has spent $250M to add stores and technology, expand its product line and establish a presence in China, Singapore and Malaysia. Despite the U.S. economy's ongoing struggles, the company's CEO Will Oberton sounds confident. Analysts think the stock, now at $47, could hit $54-$57 in a year. Reference Link
News For FAST From The Last 14 Days
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March 4, 2015
09:20 EDTFASTFastenal February sales missed low expectations, says Credit Suisse
Credit Suisse noted that Fastenal's February sales growth of 8.6% missed the firm's estimate of about 12% and confirm fears that January weakness was more than just an anomaly. The firm think's Fastenal's slowdown is greater than anticipated by the market despite expectations for the month being low and believes that a large part of Fastenal's marginal growth in 2014 came from oil and gas driven areas. Credit Suisse has a Neutral rating and $51 price target on Fastenal shares.
09:08 EDTFASTOn The Fly: Pre-market Movers
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08:06 EDTFASTFastenal sales growth lower than expected in February, says Wells Fargo
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07:55 EDTFASTFastenal reports February sales up 8.6% to $298.19M
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05:58 EDTFASTStocks with implied volatility movement; OREX FAST
Stocks with implied volatility movement; Orexigen (OREX) 105, Fastenal (FAST) 29 according to iVolatility.
February 27, 2015
21:16 EDTFASTFastenal management to meet with William Blair
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