Stock price when the opinion was issued
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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The chart is amazing. It closed at $117.76. He has a fair market value of $124.06, a 5.8% upside. However, he wouldn’t buy it here, but would wait for a pullback to $104-$105.