Q: In the webinar you spoke about CASY. I did some research and really like this company. Performance has been outstanding, +44% YTD.
I own 5000 shares of ATD and it in contrast has been languishing - 7% YTD and at the same level as September 2024.
Do you think this would be a good switch, ATD to CASY?
Sheldon
I own 5000 shares of ATD and it in contrast has been languishing - 7% YTD and at the same level as September 2024.
Do you think this would be a good switch, ATD to CASY?
Sheldon
5i Research Answer:
While we have no issues with ATD on its own, we would be ok with the switch with two caveats: There is additional FX 'risk' here and ATD is a bit cheaper than CASY (17X P/E vs 30X) so it is a bit of a shift in terms of valuation. We don't think it needs to be done outright, and could also be 'averaged into' over time but overall we would be fine with this type of switch.