MSC Industrial Direct Co., Inc. is a direct marketer and supplier of a broad range of metalworking and maintenance and repair supplies. The Company markets its products to industrial customers throughout the United States.
MSM pinning low consumer sentiment to the rest of the Shutdown-related news pieces means, at least psychologically, the government reopening may be all it takes to get out of the stock doldrums.
Again, the tax has nothing to do with the sell off. It's just what MSM is pushing because they don't know how to read numbers.
When a company starts to spend more than it makes it's no longer profitable.
His spending is accelerating while the revenue is not at the same rate as the spending. It's bad business.
The sell off is justified. Tomorrows sell off will be justified. It will be justified until it goes to a 22-24 PE where it will still be trading above the S&P's historical average.
It's no longer a growth stock. There is no growth, the numbers show that. Just wait till 600 if you want to buy it. No doubt in my mind it will be there by EOW or next week.