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Old 07-12-2008, 08:28 PM   #1
Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,400

I love these guys. I've owned their stock since 1990, when my grandfather gave me 3 shares that were trading at about $20/share. Those 3 shares are now 48 shares at $44/share. They'll pry them from my cold, dead hands

Anyone who is tired of doom and gloom should read their earnings transcript. The economy is tough, we only managed 16% revenue and 26% earnings growth.

Fastenal Company F2Q08 (Qtr End 06/30/08) Earnings Call Transcript - Seeking Alpha

I add to this position whenever they get reasonably priced. I bought a few more shares in January in the mid-30s. I think they are in the ballpark of reasonable again.

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Old 07-13-2008, 12:39 PM   #2
Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2003
Location: Kansas City
Posts: 7,464
Hmmm - got passed by a Fastenal truck the other day - which reminded me of previous mention on this forum.

Ya got me looking - haven't bought any with my hobby stock money - but it's on my watch list.

heh heh heh -
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