Fastenal Co (FAST) Stock Rating & Analysis

Fastenal began as an industrial retailer and expanded from nuts and bolts into cutting tools, safety equipment, and janitorial supplies, transitioning into a distributor by building a dense network of branches near its business customers. When a customer grows large enough, Fastenal installs vending machines and its own personnel on-site, and these on-site locations now exceed its branch count and remain the firm's main focus for expansion.