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Here's Why MSC Industrial Direct (MSM) is on the Detractors' List of FPA Queens Road Small Cap Value Fund [Yahoo! Finance]

MSC Industrial Direct Company, Inc.  (MSM) 
Last msc industrial direct company, inc. earnings: 4/8 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.mscdirect.com
PDF A copy of the letter can be downloaded here . In the fourth quarter, the fund returned 2.38% compared to a -1.06 % return for the Russell 2000 Value Index. For the full [Read more]