Fastenal Company

More reviews (1)

Live  

The Fastenal Company is an American company that distributes industrial, construction, and safety supplies. It was founded in 1967 and is headquartered in Winona, Minnesota. The company operates over 2,200 stores globally and also offers services such as inventory management, manufacturing, and tool repair. Fastenal's products include fasteners, tools, cutting tools, abrasives, hydraulics, and welding supplies. The company serves a wide range of industries, including manufacturing, construction, and transportation.
In addition to its distribution services, Fastenal places a strong emphasis on building relationships with its customers and providing excellent customer service. This includes offering on-site product training, customized inventory management solutions, and 24/7 emergency service. The company also has a strong commitment to sustainability and has implemented programs to reduce waste, conserve energy, and promote environmental responsibility.
Fastenal has been a publicly traded company since 1987 and is listed on the NASDAQ stock exchange under the symbol FAST. It consistently ranks high on Forbes' list of America's Best Employers and has been recognized for its strong company culture and employee satisfaction.
Overall, Fastenal's combination of quality products, customer service, and commitment to sustainability has made it a leader in the industrial distribution industry.

MS4gV2lkZS ByYW5nZSBv ZiBwcm9kdW N0czogRmFz dGVuYWwgb2 ZmZXJzIGEg d2lkZSByYW 5nZSBvZiBw cm9kdWN0cy Bmcm9tIGEg ZGl2ZXJzZS Bncm91cCBv ZiBzdXBwbG llcnMsIG1h a2luZyBpdC BhIG9uZS1z dG9wLXNob3 AgZm9yIGN1 c3RvbWVycy cgaW5kdXN0 cmlhbCBhbm QgY29uc3Ry dWN0aW9uIG 5lZWRzLjxi cj4yLiBFbX BoYXNpcyBv biBjdXN0b2 1lciBzZXJ2 aWNlOiBUaG UgY29tcGFu eSBwcmlkZX MgaXRzZWxm IG9uIHByb3 ZpZGluZyBl eGNlcHRpb2 5hbCBjdXN0 b21lciBzZX J2aWNlLCB3 aXRoIGEgZm 9jdXMgb24g YnVpbGRpbm cgc3Ryb25n IHJlbGF0aW 9uc2hpcHMg d2l0aCBjbG llbnRzIHRv IHVuZGVyc3 RhbmQgdGhl aXIgbmVlZH MgYW5kIHBy b3ZpZGUgY3 VzdG9taXpl ZCBzb2x1dG lvbnMuPGJy PjMuIEV4dG Vuc2l2ZSBk aXN0cmlidX Rpb24gbmV0 d29yazogRm FzdGVuYWwg aGFzIGEgdm FzdCBkaXN0 cmlidXRpb2 4gbmV0d29y aywgd2l0aC BvdmVyIDMs MjAwIHN0b3 JlIGxvY2F0 aW9ucyBhY3 Jvc3MgdGhl IHdvcmxkLC BhbGxvd2lu ZyBmb3IgcX VpY2sgYW5k IGVmZmljaW VudCBkZWxp dmVyeSBvZi Bwcm9kdWN0 cy48YnI+NC 4gSW5ub3Zh dGl2ZSB2ZW 5kaW5nIHNv bHV0aW9ucz ogVGhlIGNv bXBhbnkgb2 ZmZXJzIGlu bm92YXRpdm UgdmVuZGlu ZyBzb2x1dG lvbnMgdGhh dCBhbGxvdy BjdXN0b21l cnMgdG8gbW FuYWdlIHRo ZWlyIGludm VudG9yeSBl ZmZpY2llbn RseSwgaW1w cm92ZSBwcm 9kdWN0IGF2 YWlsYWJpbG l0eSwgYW5k IHJlZHVjZS BvdmVyYWxs IGNvc3RzLj xicj41LiBT dHJvbmcgc3 VwcGxpZXIg cmVsYXRpb2 5zaGlwczog RmFzdGVuYW wgaGFzIHN0 cm9uZyByZW xhdGlvbnNo aXBzIHdpdG ggaXRzIHN1 cHBsaWVycy wgbmVnb3Rp YXRpbmcgZm F2b3JhYmxl IHRlcm1zIG FuZCBwcmlj aW5nLCB3aG ljaCBhbGxv d3MgdGhlbS B0byBvZmZl ciBjb21wZX RpdGl2ZSBw cmljZXMgdG 8gdGhlaXIg Y3VzdG9tZX JzLjxicj42 LiBDb21taX RtZW50IHRv IHN1c3RhaW 5hYmlsaXR5 OiBGYXN0ZW 5hbCBpcyBj b21taXR0ZW QgdG8gc3Vz dGFpbmFiaW xpdHksIGZv Y3VzaW5nIG 9uIHJlZHVj aW5nIHdhc3 RlLCBjb25z ZXJ2aW5nIG VuZXJneSwg YW5kIHByb2 1vdGluZyBl Y28tZnJpZW 5kbHkgcHJh Y3RpY2VzIH Rocm91Z2hv dXQgaXRzIG 9wZXJhdGlv bnMuPGJyPj cuIEVtcGxv eWVlIGRldm Vsb3BtZW50 OiBUaGUgY2 9tcGFueSBp bnZlc3RzIG luIGVtcGxv eWVlIGRldm Vsb3BtZW50 IGFuZCB0cm FpbmluZywg cHJvdmlkaW 5nIG9wcG9y dHVuaXRpZX MgZm9yIGdy b3d0aCBhbm QgY2FyZWVy IGFkdmFuY2 VtZW50LCB3 aGljaCByZX N1bHRzIGlu IGEgaGlnaG x5IHNraWxs ZWQgYW5kIG RlZGljYXRl ZCB3b3JrZm 9yY2UuPGJy PjguIFJlbG lhYmxlIGFu ZCBoaWdoLX F1YWxpdHkg cHJvZHVjdH M6IEZhc3Rl bmFsIHNvdX JjZXMgaXRz IHByb2R1Y3 RzIGZyb20g cmVwdXRhYm xlIHN1cHBs aWVycywgZW 5zdXJpbmcg dGhhdCBjdX N0b21lcnMg cmVjZWl2ZS BoaWdoLXF1 YWxpdHkgYW 5kIHJlbGlh YmxlIHByb2 R1Y3RzLjxi cj45LiBDb2 1wYW55IGN1 bHR1cmU6IF RoZSBjb21w YW55IGhhcy BhIHN0cm9u ZyBjb21wYW 55IGN1bHR1 cmUgdGhhdC B2YWx1ZXMg aW50ZWdyaX R5LCB0ZWFt d29yaywgYW 5kIGEgc3Ry b25nIHdvcm sgZXRoaWMs IGNyZWF0aW 5nIGEgcG9z aXRpdmUgYW 5kIHByb2R1 Y3RpdmUgd2 9yayBlbnZp cm9ubWVudC 48YnI+MTAu IENvbnNpc3 RlbnQgZ3Jv d3RoIGFuZC Bwcm9maXRh YmlsaXR5Oi BGYXN0ZW5h bCBoYXMgYS BoaXN0b3J5 IG9mIGNvbn Npc3RlbnQg Z3Jvd3RoIG FuZCBwcm9m aXRhYmlsaX R5LCBtYWtp bmcgaXQgYS BzdGFibGUg YW5kIHJlbG lhYmxlIGNv bXBhbnkgZm 9yIGN1c3Rv bWVycywgc3 VwcGxpZXJz LCBhbmQgaW 52ZXN0b3Jz Lg==

VGhlIEZhc3 RlbmFsIENv bXBhbnkgaX MgYSBkaXN0 cmlidXRvci BvZiBpbmR1 c3RyaWFsLC BzYWZldHks IGFuZCBjb2 5zdHJ1Y3Rp b24gc3VwcG xpZXMuIFRo ZWlyIGJ1c2 luZXNzIG1v ZGVsIGlzIG Jhc2VkIG9u IHByb3ZpZG luZyBhIHdp ZGUgcmFuZ2 Ugb2YgcHJv ZHVjdHMgYW 5kIHNlcnZp Y2VzIHRvIG N1c3RvbWVy cyBpbiB2YX Jpb3VzIGlu ZHVzdHJpZX MsIGluY2x1 ZGluZyBtYW 51ZmFjdHVy aW5nLCBjb2 5zdHJ1Y3Rp b24sIGFuZC Bnb3Zlcm5t ZW50IGFnZW 5jaWVzLiBU aGlzIGlzIH N1cHBvcnRl ZCBieSBhIG 5ldHdvcmsg b2Ygb3Zlci AyLDIwMCBz dG9yZXMgYW Nyb3NzIE5v cnRoIEFtZX JpY2EgYW5k IHBhcnRuZX JzaGlwcyB3 aXRoIGdsb2 JhbCBzdXBw bGllcnMuIF RoZWlyIGJ1 c2luZXNzIG 1vZGVsIGFs c28gaW5jbH VkZXMgb25s aW5lIGFuZC Btb2JpbGUg b3JkZXJpbm cgcGxhdGZv cm1zLCBwZX Jzb25hbGl6 ZWQgaW52ZW 50b3J5IG1h bmFnZW1lbn Qgc2Vydmlj ZXMsIGFuZC Bwcm9kdWN0 IHNvdXJjaW 5nIGFuZCBw cm9jdXJlbW VudCBjYXBh YmlsaXRpZX MuIEZhc3Rl bmFsIGZvY3 VzZXMgb24g cHJvdmlkaW 5nIGhpZ2gt cXVhbGl0eS Bwcm9kdWN0 cywgY29tcG V0aXRpdmUg cHJpY2luZy wgYW5kIGVm ZmljaWVudC BkZWxpdmVy eSB0byBtZW V0IHRoZSBu ZWVkcyBvZi B0aGVpciBj dXN0b21lcn MsIG1ha2lu ZyB0aGVtIG Egb25lLXN0 b3Atc2hvcC Bmb3IgaW5k dXN0cmlhbC BhbmQgY29u c3RydWN0aW 9uIHN1cHBs aWVzLiBBZG RpdGlvbmFs bHksIHRoZW lyIHN0cm9u ZyBmb2N1cy BvbiBjdXN0 b21lciBzZX J2aWNlIGFu ZCBtYWludG FpbmluZyBs b25nLXRlcm 0gcmVsYXRp b25zaGlwcy Bjb250cmli dXRlcyB0by B0aGVpciBz dWNjZXNzIG FuZCBncm93 dGggYXMgYS BidXNpbmVz cy4=

The sensitivity of Fastenal Company’s earnings, cash flow, and valuation to changes in interest rates can be analyzed through several key factors:
1. Earnings Sensitivity: Fastenal’s earnings can be affected by interest rates in multiple ways. Higher interest rates generally increase borrowing costs, which can impact the company’s expenses if it relies on debt for financing. Additionally, if interest rates rise, consumer and business spending may decrease due to increased costs of financing, potentially leading to lower sales for Fastenal. Conversely, if interest rates rise in conjunction with a robust economy, it may not have as pronounced an effect on earnings.
2. Cash Flow Sensitivity: Fastenal’s free cash flow could be influenced by interest rate changes. Increased rates can lead to higher interest expenses if the company has variable-rate debt. This could reduce net cash flow available for other uses, such as reinvestment or dividends. If rates rise and economic activity slows, cash inflow from operations may also be affected.
3. Valuation Sensitivity: The valuation of Fastenal, like many companies, is often assessed through discounted cash flow (DCF) models. Higher interest rates increase the discount rate used in these models, which can lead to a lower present value of future cash flows. This would typically decrease the company’s intrinsic value and could impact its stock price. If investors anticipate higher rates, they may also adjust their required rates of return, further influencing valuation.
Overall, while Fastenal’s sensitivity to interest rate changes exists, the degree of impact would depend on various factors including the overall economic environment, the company’s debt structure, and market sentiment.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvT1 FxMEg5VnVs SjFFbURzdl BpWHMud2Vi cCIgYWx0PS JGYXN0ZW5h bCBDb21wYW 55IiB0aXRs ZT0iRmFzdG VuYWwgQ29t cGFueSIgIG NsYXNzPSJp bWctZmx1aW QiIGhlaWdo dD05MCB3aW R0aD05MCBs b2FkaW5nPS dsYXp5JyBz dHlsZT0nYm 9yZGVyLXJh ZGl1czogNn B4Oyc+Cgog ICAgICAgIC AgICAgICAg ICAgIDxkaX Ygc3R5bGU9 J2ZsZXg6ID E7IHRleHQt YWxpZ246IG NlbnRlcjsg bWFyZ2luLW xlZnQ6IDVw eDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 cCBzdHlsZT 0nZm9udC1z aXplOiAyNn B4OyBjb2xv cjogIzMzMz sgbWFyZ2lu LWJvdHRvbT ogMTVweDsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg 8J+TiCBXYW 50IHRvIHJl YWQgbW9yZS BhYm91dCBG YXN0ZW5hbC BDb21wYW55 PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TnSBK b2luIHVzIG FuZCBncmFi IHlvdXIgY2 9weSBvZiA8 aT4iVGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrcyI8L2 k+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvcD 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwhLS 0KICAgICAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n bWFyZ2luLX RvcDogMTJw eDsgZm9udC 1zaXplOiAx M3B4OyBjb2 xvcjogIzQ0 NDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgU2lnbi B1cCBub3cg YW5kIGdldC BvdXIgZnJl ZSBlQm9vay AKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgID xiPlRoZSBD aGVja2xpc3 QgVmFsdWUg SW52ZXN0b3 Ig4oCUIEEg U21hcnRlci BXYXkgdG8g UGljayBTdG 9ja3M8L2I+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPCEtLQog ICAgICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdtYX JnaW4tdG9w OiAxNnB4Oy Bmb250LXNp emU6IDE0cH g7IGNvbG9y OiAjNDQ0Oy Bmb250LWZh bWlseTogLW FwcGxlLXN5 c3RlbSwgQm xpbmtNYWNT eXN0ZW1Gb2 50LCBTZWdv ZSBVSSwgUm 9ib3RvLCBI ZWx2ZXRpY2 EgTmV1ZSwg c2Fucy1zZX JpZjsgbGlu ZS1oZWlnaH Q6IDEuNjsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg SGF2ZSB5b3 UgaGVhcmQg YWJvdXQgb3 VyIHNob3J0 IDxzdHJvbm cgc3R5bGU9 J2ZvbnQtd2 VpZ2h0OiA2 MDA7Jz5EYW lseSBWaWRl byBOZXdzbG V0dGVyPC9z dHJvbmc+Pw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG EgaHJlZj0n aHR0cHM6Ly 93d3cuaW5z aWdodGZ1bH ZhbHVlLmNv bS9uZXdzbG V0dGVyLnBo cCcgdGFyZ2 V0PSdfYmxh bmsnIHN0eW xlPSdjb2xv cjogIzAwN0 JGRjsgdGV4 dC1kZWNvcm F0aW9uOiBu b25lOyBmb2 50LXdlaWdo dDogNTAwOy BtYXJnaW4t bGVmdDogNn B4Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg RmluZCBvdX QgbW9yZQog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9h PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg ICAgICAgIC AgICAgLS0+ CiAgICAgIC AgICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIA ogICAgICAg IAogICAgIC AgIDxzcGFu IGNsYXNzPS dibHVycmVk LXRleHQnPg ogICAgICAg ICAgICBSbT kxYm1SbFpD IEJwYmlCMG FHVWcgZVdW aGNpQXhPVC BZM0lHSjVJ RUp2IFlpQk xhV1Z5Ykcg bHVMQ0JJWl c1eSBlU0JO WTBOaGJtID V2Yml3Z1lX NWsgSUUxcG EyVWdSMiA5 emRHOXRjMn RwIExDQkdZ WE4wWlcgNW hiQ0JEYjIx dyBZVzU1SU dseklHIEVn WjJ4dlltRn MgSUdOdmJY QmhibiBrZ2 RHaGhkQ0J6 IGNHVmphV0 ZzYVggcGxj eUJwYmlCcC BibVIxYzNS eWFXIEZzSU dGdVpDQmog YjI1emRISj FZMyBScGIy NGdjM1Z3IG NHeHBaWE11 SUUgaGxjbV VnWVhKbCBJ R0VnWm1WM0 lHIGx1ZEdW eVpYTjAgYV c1bklHWmhZ MyBSeklHRm liM1YwIElI Um9aU0JqYj IgMXdZVzU1 T2p4aSBjaj R4TGlCVWFH IFVnYm1GdF pTQkcgWVhO MFpXNWhiQy BCcGN5QmhJ R052IGJXSn BibUYwYVcg OXVJRzltSU daaCBjM1Js Ym1WeUlHIE Z1WkNCcGJu UmwgY201aG RHbHZibSBG c0xqeGljaj R5IExpQkdZ WE4wWlcgNW hiQ0J6ZEdG eSBkR1ZrSU c5bVppIEJo Y3lCaElITn QgWVd4c0lH eHZZMiBGc0 lHWmhjM1Js IGJtVnlJR1 JwYzMgUnlh V0oxZEc5eS BMQ0IzYVhS b0lHIEVnY0 hKdlpIVmog ZENCc2FXNW xJRyA5bUlH cDFjM1FnIE 5Dd3dNREFn YVggUmxiWE 11UEdKeSBQ ak11SUZSb1 pTIEJtYVhK emRDQkcgWV hOMFpXNWhi QyBCemRHOX laU0J2IGNH VnVaV1FnYV cgNGdWMmx1 YjI1aCBMQ0 JOYVc1dVpY IE52ZEdFc0 lHbHUgSURF NU5qY3VJRi BSdlpHRjVM Q0IwIGFHVW dZMjl0Y0cg RnVlU0JvWV hNZyBiM1ps Y2lBekxEIE l3TUNCemRH OXkgWlNCc2 IyTmhkRyBs dmJuTWdhVz RnIE1qTWdZ MjkxYm4gUn lhV1Z6TGp4 aSBjajQwTG lCVWFHIFVn WTI5dGNHRn UgZVNCcGN5 QnJibSA5M2 JpQm1iM0ln IGFYUnpJR3 hsWVcgNGdi V0Z1ZFdaaC BZM1IxY21s dVp5IEJoY0 hCeWIyRmog YUN3Z2QyaG xjbSBVZ2RH aGxlU0J6IG RISnBkbVVn ZEcgOGdjbV ZrZFdObCBJ SGRoYzNSbE lHIEZ1WkNC cGJtTnkgWl dGelpTQmxa bSBacFkybG xibU41IElH bHVJSFJvWl cgbHlJRzFo Ym5WbSBZV0 4wZFhKcGJt IGNnY0hKdl kyVnogYzJW ekxqeGljai A0MUxpQkdZ WE4wIFpXNW hiT0tBbVgg TWdjMmxuYm 1GMCBkWEps SUdKc2RXIF VnZG1WdVpH bHUgWnlCdF lXTm9hVyA1 bGN5d2dhMj V2IGQyNGdZ WE1nUmsgRl RWQ0JUYjJ4 MSBkR2x2Ym 5Nc0lHIEZ5 WlNCaElIVn UgYVhGMVpT Qm1aVyBGMG RYSmxJRzlt IElIUm9aV2 x5SUcgSjFj Mmx1WlhOei BMaUJVYUdW elpTIEIyWl c1a2FXNW4g SUcxaFkyaH BibSBWeklH RnNiRzkzIE lHTjFjM1J2 YlcgVnljeU IwYnlCeCBk V2xqYTJ4NU lHIEZqWTJW emN5QnogYl dGc2JDd2dh RyBsbmFDMT FjMlVnIGFY UmxiWE1nZE cgaGhkQ0Iw YUdWNSBJRz FoZVNCdVpX IFZrSUdsdU lIUm8gWlds eUlHUmhhVy B4NUlHOXda WEpoIGRHbH Zibk11UEcg SnlQall1SU ZSbyBaU0Jq YjIxd1lXID U1SUdoaGN5 QmggSUhOMG NtOXVaeSBC bWIyTjFjeU J2IGJpQnpk WE4wWVcgbH VZV0pwYkds MCBlUzRnVk dobGVTIEJv WVhabElHbH QgY0d4bGJX VnVkRyBWa0 lHMWhibmtn IFozSmxaVz RnYVcgNXBk R2xoZEdsMi BaWE1zSUhO MVkyIGdnWV hNZ2NtVmsg ZFdOcGJtY2 dkRyBobGFY SWdaVzVsIG NtZDVJR052 Ym4gTjFiWE IwYVc5dSBM Q0JwYlhCc1 pXIDFsYm5S cGJtY2cgY2 1WamVXTnNh VyA1bklIQn liMmR5IFlX MXpMQ0JoYm 0gUWdiMlpt WlhKcCBibW NnWldOdkxX IFp5YVdWdV pHeDUgSUhC eWIyUjFZMy BSekxqeGlj ajQzIExpQk dZWE4wWlcg NWhiT0tBbV hNZyBZMjl5 Y0c5eVlYIF JsSUdobFlX UnggZFdGeW RHVnljeSBC cGJpQlhhVz V2IGJtRXNJ RTFwYm0gNW xjMjkwWVN3 ZyBhWE1nY0 c5M1pYIEps WkNCbGJuUn AgY21Wc2VT QmllUyBCeV pXNWxkMkZp IGJHVWdaVz VsY20gZDVJ SE52ZFhKai BaWE1zSUcx aGEyIGx1Wn lCcGRDQmgg SUc1bGRDMT ZaWCBKdklH VnVaWEpuIG VTQmlkV2xz WkcgbHVaeT Q4WW5JKyBP QzRnU1c0Z1 lXIFJrYVhS cGIyNGcgZE c4Z2FXNWtk WCBOMGNtbG hiQ0JoIGJt UWdZMjl1Yz MgUnlkV04w YVc5dSBJSE 4xY0hCc2FX IFZ6TENCR1 lYTjAgWlc1 aGJDQmhiSC BOdklHOW1a bVZ5IGN5Qn paWEoyYVcg TmxjeUJ6ZF dObyBJR0Z6 SUdsdWRtIF Z1ZEc5eWVT QnQgWVc1aF oyVnRaVyA1 MElHRnVaQ0 JqIGRYTjBi MjFwZW0gVm tJSEJ5YjJS MSBZM1FnYz I5MWNtIE5w Ym1jZ2RHOG cgYldWbGRD QjBhRyBVZ2 RXNXBjWFZs IElHNWxaV1 J6SUcgOW1J SFJvWldseS BJR04xYzNS dmJXIFZ5Y3 k0OFluSSsg T1M0Z1JtRn pkRyBWdVlX d2dhR0Z6IE lHRWdjM1J5 YjIgNW5JR0 52YlcxcCBk RzFsYm5RZ2 RHIDhnWjJs MmFXNW4gSU dKaFkyc2dk RyA4Z2RHaG xJR052IGJX MTFibWwwYV cgVnpJSGRv WlhKbCBJSF JvWlhrZ2Iz IEJsY21GMF pTNGcgVkdo bElHTnZiWC BCaGJua2dh R0Z6IElHRW dZMmhoY20g bDBZV0pzWl NCaCBjbTBz SUhSb1pTIE JHWVhOMFpX NWggYkNCR2 IzVnVaRyBG MGFXOXVMQ0 IzIGFHbGph Q0JvWVggTW daRzl1WVhS bCBaQ0J0YV d4c2FXIDl1 Y3lCdlppQm sgYjJ4c1lY SnpJSCBSdk lIWmhjbWx2 IGRYTWdZMm hoY20gbDBh V1Z6SUdGdS BaQ0JqYjIx dGRXIDVwZE hrZ2FXNXAg ZEdsaGRHbD JaWCBNdVBH SnlQakV3IE xpQlVhR1Vn WTIgOXRjR0 Z1ZVNCbyBZ WE1nWW1WbG JpIEJqYjI1 emFYTjAgWl c1MGJIa2dj bSBGdWEyVm tJRzl1IElF WnZjbUpsYy sgS0FtU0Jz YVhOMCBJRz ltSUVGdFpY IEpwWTJIaW dKbHogSUVK bGMzUWdSVy Axd2JHOTVa WEp6IElHRn VaQ0JvWVgg TWdZV3h6Yn lCaSBaV1Z1 SUhKbFkyID luYm1sNlpX UWcgWVhNZ1 lTQjBiMyBB Z2QyOXlhM0 JzIFlXTmxJ R0o1SUUgZH NZWE56Wkc5 diBjaUJoYm 1RZ1JtIDl5 WW1WekxpQT ggWW5JKwog ICAgICAgID wvc3Bhbj4K ICAgICAgIC AKICAgICAg ICA=
See Company Q&A