A quick note from Hedgeye CEO Keith McCullough:
This just in from Industrials analyst Jay Van Sciver, so I’ll cover.
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FAST Web Traffic Flag FAST daily sales were not so bad, particularly given the more negative commentary on the earnings call. Notably, web traffic has SPIKED for Fastenal.com. Is this because of disrupted supply chains from corona virus? Is the economic disruption in China actually good for companies offering supply chain expertise? Maybe – it could be a thesis wrecker for FAST, which doesn’t have as much of an industry disruption thesis as GWW and MSM do. |
