Casey's General Stores, Inc. (NYSE:CASY) owns and operates 2,146 convenience stores in Midwestern states which include a self-service gas station. The stock has been a big winner over the past year and up an impressive 25% just since its last earnings release in June. The story has seen steady growth along with positive guidance. We think this is an overall solid company but now see valuation headwinds as the stock appears expensive. This article summarizes the company's operating profile and our overall bearish view.
CASY stock price chart. Source: FinViz.com