WeThePeople wrote on Jul 19, 2008 7:59 PM:
" Agreed and well said, Troller! "
Troller wrote on Jul 17, 2008 10:06 PM:
" But since you are retired and have posted in the past with a level of intelligence which exceeds most posts on these boards, I'll share something with you. FAST currently has a support price of about $32 per share. If it dips to between $32 and $38 again, buy a couple hundred shares (or the options on FAST) because with it's current growth rate, you'll be making well over 15% on your investment, far better then the mutual funds are currently doing. After the election (no matter who wins) the markets are going to over correct going down. Get in, put a trailing stop loss order in place, and ride the FAST profit train. Then come back and share your views about profit. Also, save a few bucks for some energy stocks. "
Troller wrote on Jul 17, 2008 9:59 PM:
" I too have been running my business since 1995. I also have employees and apparently they aren't headed for the door just yet. I hire, train and pay well to keep them. But I went into business to turn that nasty of nasties, a profit! I have been watching FAST for the better part of year now FAST is an investment strategy, for me and each of my employees. I invested in my business to turn a profit, I invest in FAST to turn earned profit into more profit. If Fastenal starts losing money, or just breaking even, then FAST is off the table. Perhaps all those lousy jobs at Fastenal will disappear. Then Fastenal employees will be out competing for those minimum wage jobs you mention. Profit = jobs. Jobs do not = profit. "
The Ricker wrote on Jul 17, 2008 9:43 PM:
" Fastenal = Poop ...............................................................That is all. "
xfs-123 wrote on Jul 17, 2008 5:16 PM:
" Troller-I did own and operate my own successful business for 12 years until I retired. I never cut their pay, but I did increase their pay as my business grew. They were the ones who helped the business grow and they were treated right.
I am talking about what Fastenal has done to long term, loyal employees. Ask any of them who have been around awhile and they will tell you how this company is keeping their profit margin for stock holders. It's not run like it was with the guy who founded the business!
Also not so easy to change jobs in Winona unless you are making minimum wage.
No, I am not now nor have I ever been an employee of this company, thankfully. "
Troller wrote on Jul 17, 2008 8:47 AM:
" Consider this. No person or company ever goes into business to create jobs or benefits. Hmm? I think I'll go out and create some good paying jobs today with great benefits and I'll never consider whether or not I make a profit! That sounds more like government (which produces nothing) than businesses (which produce virtually everything). Did you go to school to create teaching and janitorial jobs, or increase your own financial possibilities? If your boss offered you a 24.6% raise today, would you turn it down? Of course not. (Well some of the socialists on this board would, but the sane posters wouldn't) BUY in when FAST is low and ride it till it's high. Start your own business with the profits, then show us how it's done. "
Troller wrote on Jul 17, 2008 8:37 AM:
" A business is created for the sole purpose of making profits. Nothing else. In a time of economic decline this company is growing. As an employee, you have a choice. You apply for, and accept, employment as it is presented. Shareholders who bought into FAST last spring at $32 and sold recently at $51 sure don't feel your pain. Investors deliberately invest to make a profit. If you don't like company policy, or treatment, there are many pathways to your future. They are clearly marked EXIT. Can anyone explain how they would invest and operate a business for something other than profit? Who is to determine what too much profit is? "
Troller wrote on Jul 17, 2008 8:13 AM:
" Ya! Creating jobs and making a profit, DAMN THEM! "
xfs-123 wrote on Jul 17, 2008 8:08 AM:
" They treat their employees terribly, except I suspect the top end people are doing very well. This company should be ashamed of how they have screwed over so many of their loyal people. Tell the whole story of their "profits". "
The Ricker wrote on Jul 17, 2008 6:36 AM:
" Are they paying their employees yet? "
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