Daily Stock Opinions and Ratings

Opinions

Rob Sechan, Managing Partner, New Edge Capital Fastenal Company FAST-Q BUY Mar 15, 2024

Resilient profits and leveraged to rising manufacturing activity. Are one of the fastest-growing capital goods companies and boast terrific margins at 45%. Super positioning. Premium valuation but that's supported due to earnings momentum.

Rob Sechan, Managing Partner, New Edge Capital

Owned

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$75.070

Stock price when the opinion was issued

misc industrial products

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DON'T BUY

(Market Call Minute.) Great, great company in the past. Has a very high valuation. Stock is expensive.

COMMENT

If you want a case study for the anatomy of exceptional dividend growth, this would be the company. Back in 2005 they had a low payout ratio and were growing top and bottom lines, and then they increased the payout ratio. Their dividend in 2005 went to $0.16 a share, and then went to $1 per share in 2014, a 23% dividend growth per share in 10 years. The dividend is secure although it is growing at a slower rate.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly Earnings continue even during the pandemic and now this maker of PPE and sanitizing products is likely getting ready to increase its dividend once it goes ex-div on October 29. Recent earnings came in at expectations, so the 65% payout ratio on the dividend will be safe. The stock is trading off its recent highs following earnings. We would trade this with a stop-loss at $42. We expect when a resurgence in share price emerges that it will look to challenge new highs near $53 -- almost 20% upside. Yield 2.22% (Analysts’ price target is $46.25)

TOP PICK

They make fasteners. They are in the business of making companies more efficient. They make vending machines that manage the inventory department. In our new environment, boring may be exciting in an unexpected way. (Analysts’ price target is $49.67)

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 15/20, Up 18.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FAST has achieved its $53 target. To remain disciplined, we recommend covering 50% of the position and trailing up the stop to $46.50 -- just above our recommended entry level. This would all but guarantee a minimum investment return of 11%.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 15/20, Up 27.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FAST is progressing well. We now recommend trailing up the stop (from $46.50) to $55.00.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 15/20, Up 23.2%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with FAST has triggered its stop at $55. To remain disciplined, we recommend covering the position at this time. This results in a net investment gain of 20%, when combined with the previous recommendation to cover half the position.

PAST TOP PICK

(A Top Pick May 03/21, Down 2%) Very basic company that is a staple in the economy. Share prices have fallen in market selloff. Has continued to hold shares. Believes is a good long term investment. Very boring business with excellent growth prospects.

SELL

The sold it over the summer. They report next week, A quality business but economically sensitive to the industrial capex cycle. Not a bad company. He sold it to buy more 3M. A reason to sell is that we may not see the soft landing to the economy. It trades at 32x forward PE vs.17x PE in 3M, which runs a more diversified business.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Rob Sechan, Managing Partner, New Edge Capital Fastenal Company FAST-Q BUY Mar 15, 2024

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