- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Fastenal Company (NDQ: FAST) as its October 2008 “Stock to Study” and Zions Bancorporation (NDQ: ZION) as its October “Undervalued Stock” for investors’ informational and educational use.
“The committee chose Fastenal, which operates stores selling industrial and construction supplies, because of the company’s strong management and continued growth prospects,” said Adam Ritt, editor of BetterInvesting Magazine. “Committee members noted its recent performance in difficult business conditions. For the Undervalued selection, Zions Bancorporation, which provides banking services in the West and Southwest, faces the same challenges as other financial services companies, but it operates in a growing region and has a solid growth history, and its stock is selling at a very reasonable valuation.”
Check BetterInvesting Magazine’s October issue for a detailed review of each company.
Committee members are Robert M. Bilkie, Jr., CFA; Daniel J. Boyle, CFA; Philip S. Dano, CFA; Donald E. Danko, CFA; Maury Elvekrog, CFA; Kenneth S. Janke, Sr.; Walter J. Kirchberger, CFA; Marisa Lenhard, CFA; and Donald T. Spindel, CFA.
As stated, the BetterInvesting committee’s Stock to Study and Undervalued Stock choices are for the informational and educational uses of investors and are not intended as investment recommendations. BetterInvesting urges investors to educate themselves about the stock market so they can make informed decisions about stock purchases.
BetterInvesting Magazine is published monthly by BetterInvesting.
BetterInvesting is the brand identity of the National Association of Investors Corporation, a national, nonprofit association with members consisting of individual investors and investment clubs. Founded in 1951 and with headquarters in Madison Heights, Mich., BetterInvesting is considered the voice of the individual investor, as well as the pioneer of the modern investment club movement. BetterInvesting is dedicated to providing a sound program of investment education and information to help its members become successful long-term, lifetime investors.