Fastenal: How much profit?

Backtesting is one of those things that in a lot of cases doesn’t mean a whole lot, especially since there was no guarantee that you would have been looking at a particular stock at the time you are testing. In any case, we’ll take a look at how FAST performed if we were to make trades according to Big Moat indicators. For the purposes of our test all stock purchases or sales are made on the market open on the day after each of the indicators go green. The dates tested are January 1, 2003 – October 18, 2006 and the initial dollar amout invested is $10,000.

# of Trades: 27
# of Winning Trades: 10
# of Losing Trades: 17
$ of Profit: $1863.38
Total Return %: 18.63%

Largest Single Winning Trade: $2442.34
Largest Single Losing Trade: ($1636.04)