What are everyone thoughts on this stock?
They have been constantly growing and buying up locations with success. Most stores do not appear to be run-down like they I recall them being years ago, and on trips to Phoenix noticed a few Circle K's that seemed busy. The purchase of StatOil locations seems to have been positive. Been producing strong FCF and with good ROC, think they can continue growth and consolidation of the industry. They also appear to own the land for many locations. The margins have increased this year and sames sales growth has been positive although under 2%.
I purchased some mid last year and considering adding more funds.
They have been constantly growing and buying up locations with success. Most stores do not appear to be run-down like they I recall them being years ago, and on trips to Phoenix noticed a few Circle K's that seemed busy. The purchase of StatOil locations seems to have been positive. Been producing strong FCF and with good ROC, think they can continue growth and consolidation of the industry. They also appear to own the land for many locations. The margins have increased this year and sames sales growth has been positive although under 2%.
I purchased some mid last year and considering adding more funds.