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Stocks W / W.W. Grainger, Inc.


Subject:  New member Date:  1/2/2000  11:04 PM
Author:  FooLeon Number:  10 of 38

Greetings Grainger Fools:

I just signed up for the Grainger message board and wanted to say Hi. I worked for Grainger part time for five years at Branch 200 in Davenport, IA. For me it was a good experience and I learned quite a bit about the company. I can't speak for any of the other branches but 200 was a well run branch. It was clean, well organized, and effecient. Management was fair, friendly, and open to suggestions. Training on new concepts and procedures was above par and you never felt intimidated if you needed to ask questions.

These qualities are what inspired me to invest in Grainger stock (purchased in 1994 and 1998) as well as the growth experienced by the company. This is definitely a buy and hold company as the stock price fluctuates and rises slowly but seems to continue to rise overall (this has been my experience since '94 anyway). I made my first purchase at $60 per share and it promptly dropped to $51 the next couple of weeks, but over the next two or three years it went over $100 per share and split. Shortly after that is when I made my second purchase at $39 per share. My personal opinion is that it is a solid company but do your homework and make your own decisions. There are no guarantees with any stock.

Leon Rowell
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