- Fastenal shares haven't really been hurt by a recent run of weaker-than-expected monthly sales figures, and there's evidence of real re-acceleration in the manufacturing customer base.
- A period of "goldilocks" inflation could give distributions like Fastenal some rare pricing power without goading the Fed into meaningfully tighter monetary policy.
- Fastenal has some worthwhile opportunities to grow its revenue base (adding new served markets) and improving operating leverage, but that is largely in the share price.
For further details see:
A Bumpy Initial Recovery Hasn't Really Hurt Fastenal