Shorting a Stock - Casey's (CASY)

[Gerbs]

Is this an insider trading request?

Regulatory agencies never pay attention to Iowa State…

 

[Gorm]

just pour 2 into 1. Easy

LOL - While I could do that. It is a rural town Caseys and the locations food manager lives 2 doors down.

 

[Dr.bannedman]

Regulatory agencies never pay attention to Iowa State…

DCI is here 100%

 

[Big Daddy Kang]

Anyone on here know the convenient store business well? I am thinking about shorting Casey's. They are growing (have been for a while) outside of Iowa. As many other threads on here have stated, Casey's in Iowa is going to sh*t in all aspects.

I have been to a few of their stores outside of Iowa. It's not amazing but service and cleanliness seems a little better than the ones in Iowa. They seem to be growing way too fast. Their stock is up 30% on the year and I see a correction coming. Can they manage their leveraged debt if **** hits the fan?

ever been to a walmart?

you'd be better off shorting the stocks that I own.

 

[dosry5]

Please do and report back. I'm sure most professional investors look at 100's of dumb acronyms like PE ratio, debt to equity, price to book, blah blah blah but I bet none of them have taken a **** at the Mt. Ayr Casey's and experienced their sub par butt wipe.

The technique was subpar or the paper?

 

[1100011CS]

Please do and report back. I'm sure most professional investors look at 100's of dumb acronyms like PE ratio, debt to equity, price to book, blah blah blah but I bet none of them have taken a **** at the Mt. Ayr Casey's and experienced their sub par butt wipe.

Mt Ayr Casey's is pretty nice compared to some others I've been

 

[BCClone]

Went into the independence Caseys. That is one big one.

 

[cycub51]

Went into the independence Caseys. That is one big one.

I can’t remember if that one is like it but the clear lake on by the interstate is huge but only has 1 urinal and 1 stall for a big ass store. Ridiculous

 

[Walden4Prez]

Now there's a goddam business opportunity.

Do they still publish Stag and Oui?

Swank was always my fav.

 

[BCClone]

I can’t remember if that one is like it but the clear lake on by the interstate is huge but only has 1 urinal and 1 stall for a big ass store. Ridiculous

The clear lake one is the normal layout for the new Casey’s. The independence one was bigger yet.

 

[cycloneML]

Mods please merge
Threads

 

[ianoconnor]

we are all gonna be witnesses for the feds arent we

I plead the 5th

 

[cyatheart]

Be careful, Couche Tard tied to take them out in 2010. Could happen again.

Weight loss drugs will hurt c store multiples over time I think though.

 

[FriendlySpartan]

Anyone on here know the convenient store business well? I am thinking about shorting Casey's. They are growing (have been for a while) outside of Iowa. As many other threads on here have stated, Casey's in Iowa is going to sh*t in all aspects.

I have been to a few of their stores outside of Iowa. It's not amazing but service and cleanliness seems a little better than the ones in Iowa. They seem to be growing way too fast. Their stock is up 30% on the year and I see a correction coming. Can they manage their leveraged debt if **** hits the fan?

Btw if you’re getting your stock advice (or asking opinions) from a message board that’s a really good sign that you should only be trading index funds. Specifically s&p 500 index funds.

 

[frackincygy]

Anyone on here know the convenient store business well? I am thinking about shorting Casey's. They are growing (have been for a while) outside of Iowa. As many other threads on here have stated, Casey's in Iowa is going to sh*t in all aspects.

I have been to a few of their stores outside of Iowa. It's not amazing but service and cleanliness seems a little better than the ones in Iowa. They seem to be growing way too fast. Their stock is up 30% on the year and I see a correction coming. Can they manage their leveraged debt if **** hits the fan?

Not an expert or financial advisor - but, I think your best bet would be to sell calls (keep premium if strike isn't reached) or buy puts (lose premium if strike isn't reached). Of those, puts would limit your financial damage in a loss scenario (i.e. price rises) to your premium paid v your loss on calls (especially if they are naked - i.e. you don't own CASY shares) could be exponential/ infinite.

All of this said, I'm guessing your broker is going to have some hoops you'll need to jump through as shorting a stock is a huge risk and trading options in itself is a somewhat complicated endeavor with factors such as time decay (theta) and risk (gamma) playing significantly.

 

[Tailg8er]

Not an expert or financial advisor - but, I think your best bet would be to sell calls (keep premium if strike isn't reached) or buy puts (lose premium if strike isn't reached). Of those, puts would limit your financial damage in a loss scenario (i.e. price rises) to your premium paid v your loss on calls (especially if they are naked - i.e. you don't own CASY shares) could be exponential/ infinite.

All of this said, I'm guessing your broker is going to have some hoops you'll need to jump through as shorting a stock is a huge risk and trading options in itself is a somewhat complicated endeavor with factors such as time decay (theta) and risk (gamma) playing significantly.

It's actually pretty easy on Robinhood (or even eTrade, for that matter).

 

[mywayorcyway]

Please do and report back. I'm sure most professional investors look at 100's of dumb acronyms like PE ratio, debt to equity, price to book, blah blah blah but I bet none of them have taken a **** at the Mt. Ayr Casey's and experienced their sub par butt wipe.

To be fair to the OP, I don't know if any of these metrics are helping anyone either.

 

[Pat]

Bear hedge them by selling Caseys and buying Quik star (or which ever one you think is the strongest)

The problem with shorting is that it’s a game of timing the market, and it’s probably a safer bet to play blackjack. I agree that Casey’s current strategy is good for short(er) term share prices, but is probably not sustainable. Investing in a competitor positioned for long-term growth/success is definitely more Buffett-like. Mutual funds are safer still.

 

[jmb]

Anyone on here know the convenient store business well? I am thinking about shorting Casey's. They are growing (have been for a while) outside of Iowa. As many other threads on here have stated, Casey's in Iowa is going to sh*t in all aspects.

I have been to a few of their stores outside of Iowa. It's not amazing but service and cleanliness seems a little better than the ones in Iowa. They seem to be growing way too fast. Their stock is up 30% on the year and I see a correction coming. Can they manage their leveraged debt if **** hits the fan?

I am not sure the volume of reading is worth a short.

 

[KCCLONE712]

Btw if you’re getting your stock advice (or asking opinions) from a message board that’s a really good sign that you should only be trading index funds. Specifically s&p 500 index funds.

Did I ask for stock advice, how to read a 10K, and other metrics? I did not. I asked for insight on the convenient store business.