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Baron Funds Comments on Fastenal Co.

August 02, 2013 | About:

Shares of industrial distributor Fastenal Co. (NASDAQ:FAST) detracted from performance, as the company's sales decelerated slightly given volatile order trends from its manufacturing and commercial construction customers.We remain confident that new initiatives, such as installing vending machines at customers' sites and international expansion, will drive accelerated market share gains and higher margins for Fastenal as the economic recovery gains steam.

From the Baron Funds’ second quarter 2013 commentary.

Rating: 4.3/5 (3 votes)


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