Comments for FAST - Stockpickr! Your Source for Stock Ideas

Comments for FAST

Added By	Comments	Type	Date Added
sarah z	The Winona, Minn.-based maker of industrial and construction supplies said its board approved the repurchase of up to 1 million shares of common stock. This new repurchase will be in additional to its previous buyback plan, bringing the total repurchase amount up to 1,800,000 shares. The company has about 149 million shares outstanding. On July 11th, Fastenal reported great second quarter earnings with net income surging 26% to $76.2 million, or 51 cents a share, from $60.3 million, or 40 cents a share in the same period last year. Revenue rose from $519.7 million to $604.2 million, a 16% jump. In the first half of 2008 the company opened 112 new stores bringing the total to 2,272 stores. At its existing stores, sales increased at an average of 8%. On top of the impressive quarter, it’s also good to see analysts at Robert W. Baird upgraded the stock to outperform from neutral. The analysts mentioned that second quarter sales and EPS beat their estimates and they foresee impressive sales growth in 2009 coming from the impact of its "Pathway to Profit" program. They also lifted the price target from $55 to $58.	Love	July 23, 2008
sarah z	The Winona, Minn.-based maker of industrial and construction supplies said its board approved the repurchase of up to 1 million shares of common stock. This new repurchase will be in additional to its previous buyback plan, bringing the total repurchase amount up to 1,800,000 shares. The company has about 149 million shares outstanding. On July 11th, Fastenal reported great second quarter earnings with net income surging 26% to $76.2 million, or 51 cents a share, from $60.3 million, or 40 cents a share in the same period last year. Revenue rose from $519.7 million to $604.2 million, a 16% jump. In the first half of 2008 the company opened 112 new stores bringing the total to 2,272 stores. At its existing stores, sales increased at an average of 8%. On top of the impressive quarter, it’s also good to see analysts at Robert W. Baird upgraded the stock to outperform from neutral. The analysts mentioned that second quarter sales and EPS beat their estimates and they foresee impressive sales growth in 2009 coming from the impact of its "Pathway to Profit" program. They also lifted the price target from $55 to $58.	Love	July 16, 2008
Peter Winkler III	Shares Held 62,370	Love	March 19, 2008
Peter Winkler III	Shares Held 62,370	Love	March 19, 2008
stevehc	owns the market for fasteners	Love	January 12, 2008
orangeassets	Great strategy, buybacks.	Love	November 17, 2007
blairc	Holdover from prior methodology	Love	October 29, 2007
Ellen James	Recommended	Love	August 28, 2007
boplegt	I'm not in yet but will use puts on this for downside protection	Love	August 25, 2007
zonagolfer	Slow down in building new stores and reinvesting in existing stores will improve cash flow and earnings.	Love	August 24, 2007
tyoumans	morningstar screen	Love	August 16, 2007
johnharleyn	good numbers and fundamentals	Love	August 16, 2007
James Altucher	Short Ratio =	Love	August 01, 2007
ibswede	huge product list - growth potential.	Love	June 23, 2007
trekking1999	solid financials	Love	June 10, 2007
i1rgt00	growth	Love	May 29, 2007
Rory.Palmer	My company of choice. Good market.	Love	May 25, 2007
rondem	Appears to be a growth stock in Business Services	Love	May 09, 2007
jasonp71	Consitently strong company and dividend.	Love	May 08, 2007
waistj	msn	Love	May 04, 2007
LORINED	GOOD COMPANY	Love	April 15, 2007
Locke	cramer	Love	April 03, 2007
carrra	Broker recommendation	Love	March 22, 2007
clydetuyl	growth	Love	March 03, 2007
brockaroo	lt gain	Love	February 13, 2007
Gary Shurson	local co with great growth	Love	February 06, 2007
Greg NTG1 Parker	Earnings are solid. Price is not cheap. One thumb up, just barely.	Love	February 05, 2007
tgl64	growth	Love	February 05, 2007
Guest	Fastenal (FAST) posted solid fourth-quarter results, with sales and earnings up 16.8% and 16.4%, respectively, from last year. While growth slowed slightly in the second half of the year, this didn't come as much of a surprise to Morningstar analyst Matthew Warren, considering the somewhat wobbly manufacturing environment. Management opened 245 new stores in 2006, which Warren believes will bolster the firm's store footprint advantage and fuel growth. Operating margins were steady with last year, which Warren thinks is impressive considering recent investments made to facilitate market share gains. Fastenal improved accounts-receivable collection, but inventory growth outpaced sales gains. While part of this inventory build reflects strategic investments in a broader product selection and management's decision to take advantage of better-than-usual deals from suppliers at year-end, there were also some growing pains resulting from the firm's efforts to increase direct-sourcing from China. Warren expects smoother results as the company gains experience with this process. Also, obsolescence is of little concern in this industry, meaning that unusual inventory write-offs are highly unlikely and that the firm should easily work down this investment in the first half of 2007. Warren is maintaining his fair value estimate.	Love	January 31, 2007
madmauer	recommendation from Morningstar	Love	January 29, 2007