1 Unstoppable Multibagger Up 4,290% Since 2000 to Buy and Hold Forever Following its $1.1 Billion Acquisition
Founded in 1959, Iowa-based Casey's General Stores (NASDAQ: CASY) has steadily expanded through the Midwest to become the third-largest convenience chain by store count in the United States. While this size alone makes Casey's a major player in the convenience store (c-store) industry, it is the company's beloved pizza that sets it apart from the crowd.
As the fifth-largest pizza chain by number of kitchens in the U.S., Casey's often acts as the de facto centerpiece eatery of many small communities throughout the Midwest. With roughly half of its stores located in towns of less than 5,000 people, the company's pizza is the top, if not only, option for customers looking to pick up dinner after work or for football games on the weekend.
Powered by its beloved status across the rural communities it serves throughout the Midwest, Casey's has delivered a total return of 4,290% since 2000, rocketing past the S&P 500's mark of 487%.
Source Fool.com
