FAST

Fastenal Co.

Industrial/Transportation


Presented:01/12/2023
Price:$49.02
Cap:$28.08B
Current Price:$76.91
Cap:$44.04B

Presented

Date01/12/2023
Price$49.02
Market Cap$28.08B
Ent Value$27.04B
P/E Ratio26.36x
Book Value$5.52
Div Yield2.53%
Shares O/S572.76M
Ave Daily Vol3,475,432
Short Int2.78%

Current

Price$76.91
Market Cap$44.04B
Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help manufacture products, build structures, protect personnel, and maintain facilities and equipment. Its products include cutting tools and metalworking, fasteners, material handling, storage and packaging power, transmission and motors, tools and equipment, electricals, abrasives, hydraulics and pneumatics, plumbing, lifting and rigging, raw materials, fleet and automotive, welding, office products and furniture, and janitorial supplies. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Publicly traded companies mentioned herein: Fastenal Co (FAST)

Highlights

The presenter is short shares of Fastenal Co (FAST), which is a wholesale distributor of industrial and construction supplies primarily in North America (96.7%). While he views FAST as a good company with a strong culture, the business seems to be overearning, leading to Street estimates for 2023 that are too high. He doesn’t want to be short the stock going into Q4 earnings (1/19) but expects the position to work slowly over the course of 2023 due to headwinds that will persist throughout the year including negative pricing trends and customer churn.

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Idea Discussion

Commentor 1 - 2 weeks ago

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