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VernaFred
2021-10-12

Straightforward question - I’m not short but I have just sold out my position in Fast….
How does a company with 179,000 in cash - debts of over 640 million & a market value of 536 million & a workforce of over 2000 employees, afford to fund a $25 million repurchase… and why would they? ….. unless they’re borrowing $25m to lift the share price & then dilute, in the hope of raising $100’s of millions with less secondary issuances. $Fastenal(FAST)$

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