Fastenal (FAST) in The Red But Gets Very Positive 5 STARs S&P Rating - Zibb.com

Nov 23, 2009 (Fresh Brewed Media via COMTEX) --

Fastenal (NasdaqNM: FAST) closed yesterday at $37.01. So far the stock has hit a 52-week low of $25.87 and 52-week high of $41.67. Fastenal stock has been showing support around 36.30 and resistance in the 37.80 range. Technical indicators for the stock are Bullish and S&P gives FAST a very positive 5 STAR (out of 5) strong buy rating. FAST appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 35 covered call (FQA AG) for a net debit in the $34.11 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 7.84% downside protection and a 2.61% assigned return rate for a 17.64% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the FAST Jan '11 20 Call (VWS AD) and selling the Jan '10 35 call (FQA AG) for a $14.70 debit. The trade has a 54 day life and would provide 6.24% downside protection and a 2.04% assigned return rate for a 14.00% annualized return rate (for comparison purposes only). Fastenal has a current annual dividend yield of 1.95%.

ABR-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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Companies: Fastenal Co. (FAST)

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Fastenal (FAST) Shows Up On Investors Observer Mometum Plays List - Zibb.com

Nov 10, 2009 (Fresh Brewed Media via COMTEX) --

Fastenal (NasdaqNM: FAST) closed yesterday at $37.23. So far the stock has hit a 52-week low of $25.87 and 52-week high of $41.67. Fastenal stock has been showing support around 36.18 and resistance in the 37.76 range. Technical indicators for the stock are Bullish and S&P gives FAST a very positive 5 STAR (out of 5) strong buy rating. FAST appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 35 covered call (FQA AG) for a net debit in the $33.93 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 8.86% downside protection and a 3.15% assigned return rate for a 17.18% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the FAST Jan '11 20 Call (VWS AD) and selling the Jan '10 35 call (FQA AG) for a $14.05 debit. The trade has a 67 day life and would provide 8.54% downside protection and a 6.76% assigned return rate for a 37.00% annualized return rate (for comparison purposes only). Fastenal has a current annual dividend yield of 2.03%.

ATU-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: research   S&P   trade   yield  

Companies: Fastenal Co. (FAST)

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Fastenal (FAST) Showing Bullish Technicals And Very Positive 5 STARs S&P Rating - Zibb.com

Oct 20, 2009 (Fresh Brewed Media via COMTEX) --

Fastenal (NasdaqNM: FAST) closed yesterday at $38.95. So far the stock has hit a 52-week low of $25.87 and 52-week high of $42.48. Fastenal stock has been showing support around 37.88 and resistance in the 39.66 range. Technical indicators for the stock are Bullish and S&P gives FAST a very positive 5 STAR (out of 5) strong buy rating. FAST appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 35 covered call (FQA BG) for a net debit in the $33.95 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 12.84% downside protection and a 3.09% assigned return rate for a 9.18% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the FAST Jan '11 20 Call (VWS AD) and selling the Feb '10 35 call (FQA BG) for a $14.45 debit. The trade has a 123 day life and would provide 11.55% downside protection and a 3.81% assigned return rate for an 11.00% annualized return rate (for comparison purposes only). Fastenal has a current annual dividend yield of 1.87%.

ATU-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: research   S&P   trade   yield  

Companies: Fastenal Co. (FAST)

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Fastenal Chairman Continues to lower Holdings (FAST) - Zibb.com

Oct 18, 2009 (SmarTrend(R) News Watch via COMTEX) --

10/18/2009-In Barron's most recent publication, Miriam Gottfried wrote a piece entitled "Fastenal Founder Trims Stake." Gottfried said that the company's Chairman and Founder, Robert A. Kierlin, recently sold 90,000 shares, cutting his stake in the company from 5.8% to 5.7%. Gottfried argues that while analysts say that while construction business cutbacks have bottomed out for the company, this insider is still "whittling down" his stake, selling $3.5 million shares in Fastenal (NASDAQ:FAST). Shares of Fastenal closed 1.9% lower Friday, to $38.75 per share.

Write to Chip Brian at cbrian@tradethetrend.com

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Tags: business   construction   market   nasdaq   securities  

Companies: Fastenal Co. (FAST)

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