Growth & Income: Fastenal Co. (FAST)
August 02, 2010 at 07:21 AM EDT
Fastenal Company (FAST) shares look expensive, trading at 28x 2010 consensus EPS estimates. However, given the company’s stellar growth prospects over the next few years, Fastenal’s P/E mulitple is reasonable. Business Fastenal operates as a wholesaler and retailer of industrial and construction supplies. It sells fastener products under two categories: threaded fasteners (nuts, bolts, nuts, screws, and [...]
