Posted by Traveling Salesman at 5/20/2012 1:57
April gave out a lot of mixed signals. A lot of people I spoke with about April shared with me that April was not bad but a little bit flat. For instance, I spoke with someone from Fastenal who confided that while year-to-year growth in April was still impressively high for the company, the rate of growth over 2011 was down from the previous months. April was good, but not as good. And I have heard that from many other places I visited. Sure, there were plenty of companies that had crazy good Aprils, but from what I can see that was more an exception.Further supporting this notion are the results from the Fastener Distributor Index FDI as reported by Holden Lewis of BB&T Capital Markets in his newsletter dated May 2, 2012. (…)
