On Nov 28, we issued an updated research report on Fastenal CompanyFAST - a national wholesale distributor of industrial and construction supplies, mainly serving the manufacturing and non-residential construction markets. Fastenal reported lower-than-expected results in the third quarter of 2016, missing estimates for both earnings and sales. Fastenal's sales, in the past few quarters, have been affected by price deflation of fastener products, currency headwinds and lack of new products and services.