Fastenal Company (NASDAQ: FAST) — This major manufacturer of fasteners and other industrial materials has about 2,500 stores in the United States, and it should be a chief beneficiary of an economic turnaround.�
S&P forecasts a 19% increase in sales this year, as well as an increase in net profit margins. They estimate earnings of $2.30 in 2011 versus $1.80 last year, and $2.75 in 2012. S&P has a “five-star strong buy” on the stock with a price target of $74.�
Technically, the stock is in a powerful bull market with a 12-month price target of $80 and a trading target of $68.
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
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