Question

Albert, Kai, and Casey share $256. Kai's share is four times as much as Albert's and Albert's share is one third of Casey's. How much is each of their shares?

Answer 1

Answer:

After almost a 13% increase year-to-date in Casey’s General Stores stock (NASDAQ: CASY), at the current price of around $179 per share, we believe the company’s stock now has a modest downside once the Covid threat abates. This is taking into account the gas station and convenience store operator’s revenues that declined 16% in 2020 so far. The company was already struggling in this regard even before the coronavirus – with sales falling 2% in 2019. This mismatch between revenue growth and stock movement over recent quarters points to a likely reduction in Casey’s General Stores stock in the long term.