High-yield bond issuers have been cautious about raising debt. Until the week to April 18, the issuance of high-yield bonds fell 54% compared to last year.
WDC issued dollar-denominated junk bonds worth $5.2 million on March 30, 2016. It intends to use the proceeds to finance its proposed merger with SanDisk.
The peers outperformed Fastenal based on the EPS. Fastenal outperformed its peers based on the net profit margin, current ratio, PE ratio, and PBV ratio.
Fastenal (FAST) has a market cap of $11.0 billion. After the earnings report in 3Q15, Fastenal fell by 2.2% to close at $37.95 per share as of October 13, 2015.
Based on price movement, HD Supply Holdings has outperformed its ETF. However, the Renaissance IPO ETF has outperformed HD Supply Holdings based on PE ratio.
According to data from S&P Capital IQ/LCD, the US leveraged loans market saw an allocation of $10 billion worth of senior loans in the week to August 7.
