Jim Cramer Outlines His Buying Strategy for Casey’s Stock

Yeah, you know, we really, truly similar Casey's, and sometimes, I spot stocks similar this and that dip was made to beryllium bought… Let's bash this. I deliberation you bargain 25 shares. Let's accidental you privation to person 50 shares, possibly you bargain 10 present and past fto it travel down due to the fact that it is an $865 stock. And remember, erstwhile you person a banal astatine $865, disagreement it by 10. Think of it arsenic an $86 banal and effort to get immoderate much erstwhile it hits $80.

Casey's General Stores, Inc. (NASDAQ:CASY) operates a concatenation of convenience stores that connection freshly prepared foods specified arsenic pizza, donuts, and sandwiches, on with centrifugal fuel, baccy products, beverages, and different household and automotive essentials. Cramer mentioned the banal during the April 7 occurrence and said:

I emotion Casey's not conscionable due to the fact that it's made our viewers large money, though that surely helps; this is simply a terrific institution that tends to alert nether the radar due to the fact that it operates successful places wherever fewer from Wall Street would ever go… Since I recommended this banal successful precocious 2023, the stock's up astir 166%, trouncing the S&P 500, which is up 53% implicit the aforesaid period. Since then, I conscionable support pounding the array connected Casey's, and it's steadily cruised higher. It's up a speedy 37% since I past pushed it. That was 7 months ago…

I deliberation there's inactive plentifulness of country to grow. The conception works successful conscionable astir immoderate agrarian area. When I past spoke to CEO Darren Rebelez past June, helium told america that determination was a imaginable for thousands of Casey's locations crossed the country. I person nary crushed to uncertainty this man. The company's got a large strategy of targeting tiny to mid-sized towns, with two-thirds of the locations successful towns of 20,000 radical oregon fewer. And determination are a batch of those towns to people successful the 31 states that Casey's hasn't adjacent entered yet.

Believe maine erstwhile I accidental this, I privation that Starbucks would not person truthful galore stores successful large cities successful the eastbound and westbound and would enactment stores successful these kinds of places due to the fact that that's wherever the wealth is. Here's the bottommost line: I'm arrogant to spot Casey's General Stores get the telephone up to the S&P 500, and I'm blessed that we'll beryllium capable to way the company's advancement much intimately present that it's successful the large benchmark index. Congratulations to Casey's connected the honor. And adjacent though higher state prices and a higher price-to-earnings aggregate marque the banal harder to urge up here, I'm assured that it tin support chugging its mode higher long-term.