CASY - Casey's General Stores: An Impressive Run But Expensive
2024-03-28 14:11:51 ET
Summary
- Casey's General Stores, Inc. stock has seen a significant increase, but the growth does not align with the company's slow growth rate.
- The company reported flat revenue for fiscal Q3, with a decline in gross profit from fuel sales but an increase in gross profit from inside store sales.
- Casey's General Stores has built new stores and acquired others, which is expected to contribute to sales growth and EPS. However, the stock is currently trading at a high valuation.
- There is an inevitable market correction coming.
In December, we submitted an article for public consumption on Casey's General Stores, Inc. ( CASY ). At the time of writing, shares were trading at $281 and change, as evidenced by the chart history print embedded in the column. We suggested a good idea to define entry or collect some nice premium was to sell puts. Traders who sold puts pocketed some coin. We also suggested new money wait for a breather toward $260....
Casey's General Stores: An Impressive Run, But Expensive