We came across a bullish thesis on Fastenal Company on The Wealth Dynasty Report’s Substack. In this article, we will summarize the bulls’ thesis on FAST. Fastenal Company's share was trading at $43.36 as of January 30th. FAST’s trailing and forward P/E were 46.54 and 40.32 respectively according to Yahoo Finance.
Fastenal (FAST) is a leading industrial supply distributor with a fortress-like balance sheet, holding $255.8 million in cash against just $200 million in debt, translating to a debt-to-equity ratio of 5.5%. The company serves factories, construction sites, and...
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