Posts

Successful Company Pivot During Covid-19

avatar of @slider2990
25
@slider2990
·
·
0 views
·
2 min read

Fastenal (FAST) is a $25 billion industrial-products distributor. The company began making screws, bolts, nails and other "fasteners". The companies long term success has been to systematically add new products to its inventory where it now supplies everything from hydraulic equipment to pipes. The company allow has been producing under the radar safety gear for years. This segment has recently shown growth of 120% year over year more than making up for any slack in the companies other offerings.

FAST shares has been a great longer term hold with price up double over the last three years. Shares should be able to continue higher as the market appreciates the companies diversified product line. Check out the shares today.


Posted Using LeoFinance