Casey's General Stores: High Valuation Appears To Have Already Priced In The Upside
GM(GM) Seeking Alpha·2024-12-20 15:55
I recommended a hold rating for Casey’s General Stores (NASDAQ: CASY ) when I wrote about it last year as I expected fuel margins (cents per gallon [CPG]) to see normalization given the weak demand outlook, which would drag downI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hand ...