Perhaps a short-term pull back is more likely before the next rally on CASY? I started receiving notifications from awe*some*stocks the other week and so far they have presented interesting new trade ideas.
Guys buy SVU stock at this low levels. ots way better company
The upside potential for CASY just got a whole lot more interesting. check out awesome_stock_s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
$0.59 last earnings, big miss and now $0.76, another big miss. Tommorow's conference call likely to announce huge drop in guidance, and CASY already has an excessive, unwarranted P/E of 20 and for a stock with dropping earnings. Look out below....
Here are some problems: 1) Acquisitions are no longer easy and cheap to come by. 2) expansion thru de novo stores have a lower ROI 3) If CASY has five stores in a county, and three already deliver pizza and are open 24/7, these three were selected as the juiciest opportunities. The last two stores will not have as much impact 4) after a store goes 24/7, that is the limit that store can expand that way. 5) Casey has done a great job and made tough business look easy. See TA (TravelCenters of America) to see what can go wring.
Looks to me that CASY still has a lot of rooms for future growth. 110 new stores in the state of Ohio where no store existed before. The 2018 guidance tells me that the fuel margin has hit the trough, along with other items' margins. Putting all together, the stock should have bottomed out already and continue upward with better prospects. $130 near term. $150 next year. JMO
The price will drop to under $100, and I added 20 more put at $105. Easy Money
In my view, CC likely to announce huge drop in guidance, to around $3/sh
Yahoo Finance Insights
CASY is down -5.18% to 110.46
CASY has just seen the last of the selling. Looks like a potential push higher is in store. Ive been struggling with this stock lately. Some of my other trades have been from awe.some.stocks which are working out pretty well.
dollar for dollar ta a better stock priced below 5
CASY has just seen the last of the selling. Looks like a potential push higher with a analyst mean target price of 126.33. the other week awesomesto-cks alerted this company i think. google them .
Is it time to make a move on CASY? It certainly looks like it based on a analyst mean target price of 134.38. Ive been struggling with this stock lately. Some of my other trades have been from awesomeS-TOCKS which are working out pretty well.
Rogers: My third name is Casey’s General Stores [CASY], not my usual cup of tea. The company has 40 million shares outstanding and a market value of roughly $4.5 billion. The stock is trading for $116 a share. Casey’s is based in Iowa and occupies an interesting niche. It runs convenience stores and gas stations in the Midwest, and roughly half its stores are in towns with fewer than 5,000 people. It effectively has a competitive moat because no one else is going to enter these markets. The company has 1,940 stores; it owns 99%, and its best business, interestingly, is pizza delivery.
Casey’s isn’t a value-based investment; it is a growth-oriented company. It is planning to expand into small towns in states including Ohio, Kansas, Tennessee, and Arkansas. It builds new stores or makes bolt-on acquisitions. It buys stores it can remodel. It is adding 60 to 70 new stores a year. Casey’s could earn $5.71 a share in fiscal 2017, ending in April, and $6.50 in fiscal 2018. It is inexpensive, as retailers go, but with a clear growth trajectory.
Gabelli: About seven years ago Canada’s Couche-Tard tried to buy Casey’s for $38.50 a share. 7-Eleven came along and offered $43. Management said no to both, and the stock has tripled since.
Rogers: This is a good niche operation with high returns.
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Casey's General Stores NASDAQ : CASY Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is -0.6 In other words, the correlation coefficient of the other stoc
Casey's General Stores (Nasdaq:CASY) - Fundamentals Analysis
Casey's General Stores (Nasdaq:CASY): Solid dividend payer with proven track record. Simply Wall St is a free app which gives investors access to institutional quality data and analysis presented in beautiful visual reports.
Kwik Trip is cleaning Casey's clock in Iowa. This is only going to get worse for Casey's. They can't compete with the Kwik Trip business model, the size and layout and functionality of Kwik Trips new stores. Do your research and find out for yourself. Short Casey's.....the stock is over bought and over rated.