From Fastenal's Press Release:
The decline in same store sales from 2005 to 2007 I think is telling. I own puts on FAST.
Stores more than two years old -- Our stores more than two years old (store sites opened as follows: 2007 group -- opened 2005 and earlier, 2006 group -- opened 2004 and earlier, and 2005 group -- opened 2003 and earlier) represent a consistent same-store view of our business. During the twelve months of 2005 and 2006 and the first nine months of 2007, the stores more than two years old had daily sales growth rates of (compared to the comparable month in the preceding year):
Jan. Feb. Mar. Apr. May June
2005 19.2% 17.1% 14.1% 18.0% 14.0% 12.1%
2006 17.8% 15.0% 14.6% 12.3% 12.5% 14.0%
2007 7.3% 6.0% 9.4% 5.5% 6.7% 7.2%
July Aug. Sept. Oct. Nov. Dec.
2005 13.3% 13.3% 16.7% 13.3% 13.0% 9.0%
2006 12.8% 13.9% 9.2% 9.0% 9.4% 10.9%
2007 6.5% 5.9% 6.8%
All company sales -- During the twelve months of 2005 and 2006 and the first nine months of 2007, all the selling locations combined had daily sales growth rates of (compared to the comparable month in the preceding year):
Jan. Feb. Mar. Apr. May June
2005 26.2% 25.1% 22.5% 26.6% 22.9% 21.2%
2006 23.9% 21.3% 21.1% 19.1% 19.2% 20.6%
2007 12.6% 11.8% 15.5% 12.0% 13.2% 14.8%
July Aug. Sept. Oct. Nov. Dec.
2005 21.8% 21.7% 26.8% 22.7% 21.7% 17.0%
2006 19.7% 20.7% 16.1% 15.9% 16.3% 17.7%
2007 13.9% 13.4% 13.7%
4 comments:
http://stockcharts.com/h-sc/ui?s=$GOLD:$XAU&p=W&b=5&g=0&id=p95004174883
Ratio reaching the nut-cutting zone. After this, it's all a crapshoot.
Cat
Cat: Thanks for this bird! I'm just now seeing this. I elected to lighten up on my gold stocks today. I have a 92% gain in WGDFF and about 52% gain on EDO.
SUGGEST only a 20-25% of a full position in case they go to the moon RIGHT HERE without pulling back. But be prepared for that portion to go against you. When miners start failing to give leverage on any upwards moves, say over three days of advances, and especially at any ratio under 4, get ready to completely bail or go short MINERS/long gold.
(Think I may have submitted my last BC comment.)
Fat Cat
Fat Cat: After making my last comment, I decided to lighten up even more. We must be on the same plane! I now have very small positions in Gold. I managed to sell at the top today.
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