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Posted by
Two Blokes Jul 14 -
Filed in
Stock
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2 views
Fastenal Company reported a solid growth reacceleration in Q2. The macroeconomic environment has remained subdued, making Fastenal's earnings especially strong. Tariffs could pressure margins increasingly after Q2. Fastenal's pricing power should be strong, but tariffs on China are still a considerable headwind. The stock is too expensive. I estimate FAST to have 36% downside to $27.9.
