IFRA

Fastenal is an interesting company and we like the firm’s business model and high quality cash flow profile. The firm’s acquisition of the Apex assets should put Fastenal in a better position to meet the needs of its industrial and construction customer base. Though its near-term operational and financial performance will likely be volatile due to the ongoing pandemic, recent operational improvements and its growing safety supplies business lends some support, as does its strong financials. Fastenal appears well-positioned to ride out the storm with its financials, operations, and dividend intact. By Callum Turcan Fastenal (FAST) is primarily a distributor of industrial and construction products that seeks to provide its customers with a one-stop shopping experience in a vast and … Read more