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.