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Posted by
Two Blokes Jul 15 -
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Stock
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Maintaining a Hold rating on Fastenal due to premium valuation—38.7x forward earnings leaves no margin of safety despite strong recent results. Self-help initiatives are driving sustained outperformance, with a turnaround in fasteners and accelerating national account wins supporting the growth thesis. Lingering macroeconomic weakness and a downward revision in FMI device guidance highlight real external headwinds that could limit near-term upside.
