Casey's
General Stores, Inc (CASY) operates convenience stores.
Key
Information:
Fundamental:
Sector:
Services
Industry:
Grocery Stores
Liquidity:
Market
Capitalization: $1.08 Billion
Average daily
volume (3-month): 353 thousand shares
Closing Stock
Price: $21.39
Risk
Proxies:
52-week high /
52-week low: 1.64
Beta: 1.56
Debt/Equity:
0.324
Profitable:
Yes
Valuation:
Price/Sales:
0.36
Price/Book:
2.06
Price/Earnings:
18.80
Price/2007
Analyst Earnings Estimates: 15.84
Technical
Analysis
After
declining quite steadily for a month and a half, CASY rose 3.6% on high volume
Friday. The rise was accompanied by a bullish Stochastics
crossover. We view the rise as being a signal of a meaningful reversal of
the downtrend.
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Key
Levels
Buy:
Market
Bullish
stochastics
Stop loss:
19.97
Below the
recent lows, and also below psychological support at 20.00
Target:
26.99
Slightly below
resistance of the February / March highs
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