Fastenal Co (as the name implies) offers fasteners, and other industrial and construction supplies primarily under the Fastenal name

It is a company I read about in the Little Book that Builds Wealth. It is basically a book that talks about business moat. The author is Pat Dorsey-the Director of Equity Research for leading independent investment research provider Morningstar, Inc.

Extract from the book (pg 141):

Our fourth company isn’t as well-known as the first three, but we can learn a lot about moats from looking at it. The Fastenal Company distributes a wide variety of maintenance, repair, and operations products to manufacturers and contractors around the United States. It does this through a network of about 2,000 stores, and specializes in fasteners, as the company’s name implies. That may sound like a dull business, but let’s check out the numbers to be sure.

Wow! Whatever you might think of the business, those are not dull numbers. An average return on equity of more than ...