But their fortunes are tied somewhat to construction and automotive, which is why their stock price declined last year in my opinion._______________________LONDON (MarketWatch) -- Piper Jaffray upgraded Fastenal Co. (FAST), a provider of threaded fastener, to outperform from market perform, saying store-level productivity improvements should drive strong earnings growth and healthy returns on capital. In addition, following a recent visit to the company's operation in Shanghai, the broker said it believes there exists a significant sourcing and revenue opportunity for the firm there. Piper concluded that these two factors, coupled with a stable macroeconomic backdrop, will result in valuation multiple expansion.______________________________________My bottom line hasn't changed and that is this stock is a keeper. Simply, buy on the dips and hang on. Long term we will all do very, very well.Rich _______________________________________________________________Hello All,Lurking here, elsewhere and gaining interest in charts. I'm considering a long term entry point. Some seem convinced this might be a bottom in housing. I'm not entirely convinced. Are housing and "construction and automotive" connected?At this point, what would anyone define as a "dip?"http://quote.fool.com/chart.aspx?s=FAST&t=1y&l=off&q=cTIA.rgds,=S=
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