Casey's General Store

Time to long fly over states?

In the quiet towns of the American Midwest, there is a certain kind of retail gravity that doesn’t exist in the coastal corridors. If you spend enough time in a place like Ankeny, Iowa, or a rural county in Missouri, you realize that Casey’s General Stores isn’t just a gas station; it’s the primary grocer, possible the town square, and remarkably, the local pizzeria.

This central identity growth has turned Casey’s (Symbol: CASY) into a compounding machine, one that many NYC based analysts missed as until recently the nearest physical location was hundreds of miles away. In today’s piece we’re going to discuss what has created that strength, if it will continue, reasons for potential downside, and potential upside catalysts.