Deep dive on $CASY: what I found

Casey's General Stores is the third-largest convenience store chain and the fifth-largest pizza chain in the US. That second fact is the whole thesis, and most people miss it. The market files this under "gas stations," and gas stations are a terrible business. Casey's is not really in the gas business. Here is what the numbers actually say. The business, in one line About 2,900 stores, heavily concentrated in small Midwestern towns (population under 5,000 in a large share of locations). In thos