CASY - Casey's General Stores: The Type Of Company That Is Always A 'Buy'

2023-11-28 03:57:24 ET

Summary

• Casey's General Stores operates convenience stores in rural areas, becoming a primary option for communities with limited retail options.
• The company's focus on rural communities allows for strong customer loyalty, which produces barriers to entry for new competitors.
• The vast majority of its profits are little dependent on fuel, which provides a greater degree of resilience.
• Based on my assumptions, the current valuation offers a modest but stable and predictable return of between 10% and 12% over the next five years.

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