Is It Too Late to Buy Fastenal Stock?
Vending machines for nuts, bolts, safety glasses, and gloves? Fastenal's innovative supply chain methods have made the stock a big-time winner.
Manufacturing is the basis of the global economy. Almost everything, from footwear to automobiles, is produced in factories. Within that landscape, Fastenal (NASDAQ: FAST) has built a tremendous business.
The company distributes fasteners, supplies, safety gear, and other products that almost every manufacturer needs but often overlooks.
Decades of steady growth have made Fastenal a giant in the industry, and its shareholders quite wealthy. The company has paid and raised its dividend for 25 consecutive years, and returned over 13,000% since the mid-1990s.
