NewsMV
Casey's General Stores shares have fallen 30% from their all-time high set in June, marking the company's largest pullback since the Great Recession.
The decline has brought the stock's valuation back to what investors describe as a more reasonable level after a summer of elevated pricing.
While Wall Street focuses on short-term valuation concerns, the long-term investment thesis for the convenience store chain remains intact, leading some investors to view the dip as an opportunity to add to positions.
The stock's recent performance has been weighed down by a ballooning valuation that had stretched well beyond typical levels.
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