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.
For further details see:
Casey's General Stores: The Type Of Company That Is Always A 'Buy'