4/10/2010
NEWS BRIEFS
Investors Flock to Fastenal

Fastenal shares traded near a new 52-week high, topping $52.60 before settling at $51.15.

Shares of Fastenal have jumped 15% since March 2, when SmartTrend encouraged investors to buy company stock.

During 2009 Fastenal’s earning fell 34% to $184.4 million amid a 17.5% sales decline to $1.93 billion. Company shares rose 19.5% during an otherwise challenging year that saw the company shed 1,500 workers and reduce store openings by more than half the number of locations opened in 2008. ©2010 GlobalFastenerNews.com

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