It’s been a long time coming, but it finally looks like the U.S. is coming out of an industrial recession. At least it does if the latest results from MSC Industrial Direct (NYSE: MSM) are anything to go by. Industrial supply companies tend to have short sales cycles — rendering them useful as bellwethers of change — and MSC Industrial’s positive earnings and outlook suggest the industrial sector may have bottomed. Let’s take a closer look at the report.
