Fastenal is engaged in the wholesale distribution of industrial and construction supplies. This includes threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. Most of Co.'s customers are in the manufacturing and non-residential construction markets. The manufacturing market includes sales of products for both original equipment manufacturing, and manufacturing, repair and operations. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors.
When researching a stock like Fastenal, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from FAST Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for FAST stock — the real life supply and demand for the stock over time — and examines that data in different ways. |
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