Industrial supply company MSC Industrial Direct (NYSE:MSM)
delivered disappointing second-quarter results on Wednesday, and you
only have to look at the price chart below to see the company remains in
a difficult trading environment. In my article on the previous quarter's report,
I noted that management spoke of "a more optimistic outlook from
customers," but that prediction was not borne out in the latest results.
Let's take a more detailed look at what went wrong.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
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