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Subject: Ralph Seger's Quarterly Update
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Joe Craig
Ellicott City, MD
StockCentral Administrator

04/02/2007 1:56 PM  

Fastenal (FAST) is doing well in the face of the reduction in new home construction. The company has very little dependency on home building. Corporate sales are well diversified among threaded fasteners, tools, and equipment, cutting tools and abrasives, components accessories for hydraulic, pneumatic, plumbing and HVAC; material handling products, and janitorial, welding and electrical supplies.          

The 2006 annual report is a candid review of plusses and minuses.  At the recent price of 35.02 and estimated EPS of $1.62 for the 12 months ending April 2008, the forward P/E ratio is 21.6 and an attractive buy.


Joe

Lynn Scott
Florida


04/19/2007 10:27 AM  

Take Stock says it's not acceptable, I assume due to irregularlity of earnings.  Would anyone like to comment on that?

 


Lynn from UWCIC
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Forums > Stocks with tickers beginning E-K > FAST > Ralph Seger's Quarterly Update



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