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News Breaks | | | | March 21, 2010 | | 05:55 EDT |  | FAST, FAST | Fastenal 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 | |
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News For FAST From The Last 14 Days Check below for free stories on FAST the last two weeks. |
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| June 5, 2013 | | 07:00 EDT |  | FAST | Fastenal reports May net sales $289.4M, up 5.3% vs. prior year
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