FAST - Fastenal Operationally Sound But Cycle Pressures May Be More Challenging

• Fastenal is seeing improving manufacturing demand and likely continuing to gain share through its varied service offerings, while tight operational efficiency helps margins.
• OnSite signings and vending placements are worth watching in the coming quarters, as these are important components to the growth story.
• Fastenal has long enjoyed a premium valuation, but the stock can languish some in periods of decelerating IP growth, and that could be an opportunity to add shares.

For further details see: