Fastenal Company, (FAST): Founded in 1967 and based in Winona, Minnesota, Fastenal Company operates as a wholesaler and retailer of industrial and construction supply stores. Fastenal Company's products include, Bolts, Screws, Studs, Socket, Slotted Head Cap Screws, Engineers Studs, Nuts, Washers, Custom Machined Parts, Cold Headed parts, etc. As of December 31, 2009, the company operates 2,311 company-owned or leased store locations in the United States, Puerto Rico, Canada, Mexico, Singapore, The Peoples Republic of China, and the Netherlands.
The company posted positive profit in four of last four quarters, missed markets estimate by 2.9% in the quarter ended March 2009, and by 12.1% in the quarter ended June 2009.
Market is expecting a profit of 33 cents per share for the quarter ended September 2009, which is 19 cents less than its actual profit of 52 cents per share, it posted a year ago in the same quarter.
FAST is in my SHORT sell watch list for short term trading. The earnings for the quarter ended September 2009 is scheduled to be released on Monday October 12, 2009.
