Baron Partners Fund Commentary on Fastenal Co.
Shares of Fastenal Co. , ( NASDAQ:FAST ) a leading distributor of industrial supplies, rose during the first quarter after reporting improving sales trends to start the year. We view the sequential strengthening of sales as evidence of abating energy and F/X headwinds as well as share gains in manufacturing and construction end markets. Based on several growth initiatives, including Vending and On-Site programs, we believe Fastenal is poised to deliver outstanding customer service to its key accounts and generate accelerating earnings growth over the next two years. (Matt Weiss)
From Baron Partners Fund f irst quarter -…-6 commentary.
Warning! GuruFocus has detected 7 Warning Signs with TSLA. Click here to check it out.
Warning! GuruFocus has detected 7 Warning Signs with TSLA. Click here to check it out.
Warning! GuruFocus has detected 6 Warning Sign with FAST. Click here to check it out.
Read More:
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.