Tag Archives: FAST

QUICK BLURBS [DAL, GBX, MSM/FAST]

(2,130 words) [MSM: 4/6/17; FAST: 4/12/17] Recall that 70% of MSM’s sales come from manufacturing customers (esp. metalworking), who have seen their average daily sales decline by msd/hsd for each of the last 5 quarters prior to 4q16.  Last quarter, the company saw the beginnings of a recovery…. Management is reluctant to say that the […]
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QUICK BLURBS [FAST, MSM]

(1,206 words) [MSM Earnings (1/11/17)] Management is reluctant to say that the environment has turned but November was better than expected and December saw growth across all customer and product types, including an unexpected “spike” in capital-related sales (machinery, machine tool accessories, tooling package orders), which usually happens when customers are optimistic about the future, […]
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QUICK BLURBS [CAT, FAST, GWW]

(1,739 words) 11/30: GWW (GWW is a distributor of MRO products (tools, cleaning products, safety supplies, pumps, electrical supplies, etc.) primarily in North America.  $10bn revenue.  Well over 1mn products, 500k in stock.  Over 3mn customers and does business in small chunks – $300 average order size, 100k transactions / day) Broadline MRO is very […]
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