Brian Acker, CA Caseys General Store CASY-Q BUY ON WEAKNESS Jun 23, 2016

A new holding and doesn't expect any surprises either way in this week's report.

They report Tuesday. Share have flown along with good operations, which he expects to continue. Given the current valuation, he doesn't expect much upside, but remains positive.

CASY is $16B market cap, up 12% this year and up 32% over 52 weeks. P/E is 31X, dividend 0.45%. Debt is about 2.5X cash flow but cash flow is good, and growing. EPS has nearly tripled since 2019. It is a well-run business and the stock is up nearly 400% in the past decade. The last quarter was solid and ahead of estimates. Same store sales rose 3.7%, though gasoline sales declined, largely due to pricing. We would be quite comfortable owning this.
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