W.W. Grainger

High Valuation Hinders W.W. Grainger’s After Historic Post-Earnings Response

(This is an excerpt from an article I originally published on Seeking Alpha on August 17, 2012. Click here to read the entire piece.) Almost two months ago, I wrote about Fastenal (FAST), an industrial and construction supplier, describing the stock as expensive but worth buying at lower prices. Within a month, FAST jumped over … Read more

By Closing Above Its “QE2 Reference Price”, Dollar Increases Pressure On Fed

(This is an excerpt from an article I originally published on Seeking Alpha on July 26, 2012. Click here to read the entire piece.) I did not think it would happen, but the dollar index finally closed above its “QE2 reference price.” {snip} I have contended that if the dollar index reached current levels, the … Read more

Rich Valuations Mean Fastenal Has Likely Peaked Short-Term, Buy On Lower Prices

(This is an excerpt from an article I originally published on Seeking Alpha on June 18, 2012. Click here to read the entire piece.) On June 5, 2012, Fastenal (FAST) dropped 9.8% in response to its May sales report. This sharply negative reaction got my attention because Fastenal’s industrial and construction supplies business should be … Read more