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Topic: Canadians after Casey General Stores
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Page 1 of 2 of 25 replies
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June 02, 2010 at
07:27:12 AM
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damn canadians... http://finance.yahoo.com/news/Alimentation-CoucheTard-bids-apf-4000334367.html?x=0&.v=1
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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June 08, 2010 at
12:58:46 PM
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Casey’s Rejects Hostile Bid From Couche-TardJune 8, 2010, 6:40 am
7:20 a.m. | Updated Casey’s General Stores urged shareholders on Tuesdayto reject a $1.9 billion hostile bid from Alimentation Couche-Tard, the Canadian convenience store operator.
The move by Casey’s, a Midwestern operator of convenience stores, follows Couche-Tard’s announcement of a slate of nine directors as part of a planned proxy fight.
“Our Board’s position is clear: shareholders should reject Couche-Tard’s offer and not tender their shares,” Robert J. Myers, Casey’s chief executive, said in a statement. “We believe this is a self-serving and transparent attempt by Couche-Tard to take significant value that rightly belongs to Casey’s shareholders.”
Last week, Couche-Tard, which owns the Circle K convenience stores, said it would take its $36-per-share cash offer, which Casey’s had rejected as too low, directly to shareholders in a tender offer scheduled to expire July 9.
In its statement on Tuesday, Casey’s insisted that it could generate more growth without resorting to a merger. It also argued that Couche-Tard’s offer was opportunistic and lacked committed financing.
Couche-Tard is headquartered in Canada but has more than 3,500 stores across the U.S. under such names as Circle K. Casey’s operates about 1,500 stores.
http://dealbook.blogs.nytimes.com/2010/06/08/caseys-to-reject-hostile-bid-report-says/
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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June 08, 2010 at
05:19:17 PM
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We could care less about Casey's. What we really want is the "Dude"....LOL....
Knoxville Natioanls attendee since '95
Favorite Tracks...River Cities, Knoxville, Cedar Lake
Favorite Drivers...S.Kinser, T.Kaeding, K.Madsen, S.Smith
Proud Canadian
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June 08, 2010 at
06:17:01 PM
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If he winks at you.............watch your wallet! 
TSA...It's not a GROPE...it's a Freedom Pat!
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June 08, 2010 at
06:33:16 PM
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Reply to:
Posted By: origopnwhlr on June 08 2010 at 06:17:01 PM
If he winks at you.............watch your wallet!
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The Canadians are trying to take over somethin in the US? Where is the outrage from anything anti U.S.? Ya know the ones up in arms over XXX? haha
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June 08, 2010 at
07:33:53 PM
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Reply to:
Posted By: MandGRacing96 on June 08 2010 at 06:33:16 PM
The Canadians are trying to take over somethin in the US? Where is the outrage from anything anti U.S.? Ya know the ones up in arms over XXX? haha
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Its a short sighted move to reject the bid by Casey's. They are an antiquated company with a small town mindset. The c store market has changed dramatically in the last 5 years and Caseys has not kept up. Their stores are mostly bare and offer a limited selection of product. They are not as diverse as Kum and Go or 7-11 and operate mainly in rural areas.
More weight, more regulation, more similarity in the
cars.... that will ensure plenty of thrills for years
to come. Only the most average talent behind the
wheel will be needed with such awesome equipment on
the track!
minthess 8.28.14
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June 08, 2010 at
07:40:42 PM
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Reply to:
Posted By: artie langes habit on June 08 2010 at 07:33:53 PM
Its a short sighted move to reject the bid by Casey's. They are an antiquated company with a small town mindset. The c store market has changed dramatically in the last 5 years and Caseys has not kept up. Their stores are mostly bare and offer a limited selection of product. They are not as diverse as Kum and Go or 7-11 and operate mainly in rural areas.
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They must be doing something right to be worth over 1 billion dollars!!
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June 08, 2010 at
08:32:02 PM
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Reply to:
Posted By: artie langes habit on June 08 2010 at 07:33:53 PM
Its a short sighted move to reject the bid by Casey's. They are an antiquated company with a small town mindset. The c store market has changed dramatically in the last 5 years and Caseys has not kept up. Their stores are mostly bare and offer a limited selection of product. They are not as diverse as Kum and Go or 7-11 and operate mainly in rural areas.
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Between my commute and work I probably drive by 40 7-11's a day and maybe stop in once a week.
Last week when I hit the midwest, dang near my first stop was Casey's for pizza.
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June 08, 2010 at
08:47:11 PM
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Casey's sponsors sprint car racing so they're all right in my book.
Knoxville Natioanls attendee since '95
Favorite Tracks...River Cities, Knoxville, Cedar Lake
Favorite Drivers...S.Kinser, T.Kaeding, K.Madsen, S.Smith
Proud Canadian
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June 08, 2010 at
09:08:42 PM
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Reply to:
Posted By: T Bud Magoo on June 08 2010 at 07:40:42 PM
They must be doing something right to be worth over 1 billion dollars!!
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2,000 stores by pushing mom and pops outta town. Now they've reached big boy size and they are discovering fuel margin isnt what it used to be. Quik Trip and Kum and Go are light years ahead in terms of profit per store and they do it by in store sales.
More weight, more regulation, more similarity in the
cars.... that will ensure plenty of thrills for years
to come. Only the most average talent behind the
wheel will be needed with such awesome equipment on
the track!
minthess 8.28.14
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June 08, 2010 at
09:42:34 PM
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This message was edited on
June 08, 2010 at
09:46:03 PM by Lefty Wilbury
That's right Artie. I have no sympathy for Caseys because they have operated as a regional "Walmart" for the last 30 years. Selling below cost and running familys out of business which have supplied and supported communities for generations. The only reason they support sprint car racing is Don Lamberty is a fan. I was at my sons Little League ball game tonight and I've not seen 1 team sponsored by Casey's even though we have 2 stores in Knoxville. So don't buy the "poor me" BS from Casey's.
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June 08, 2010 at
10:06:18 PM
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I have no opinion for or against the two side involved.
I would just say ....don't bet against the Casey's management side .... they will 'destroy' the value of the current stock by diluting it and already have recently built in a 'poison pill' for any unwanted take over/suitor.
I can see Casey's stock well under 30 bucks (maybe under $25.00) a share soon after Couche-Tard withdraws ..... or simply allows their tender offer to expire in mid July.
R.A.
S.H.S.
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June 08, 2010 at
11:04:13 PM
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2.17 EPS in this economy? They're doing something right...
Member of this message board since 1997
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June 09, 2010 at
12:41:33 AM
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Couche-Tard...sounds like one of those Howard Stern terms- although I think his starts with a "d"
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June 09, 2010 at
12:49:27 AM
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Maybe the "New Canadians" are trying to buy it. If it is, it will surly go down fast.
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June 09, 2010 at
12:49:47 AM
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09/30/2005
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once your done eating that pizza, all your left with is a greesy lap!
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June 09, 2010 at
02:05:02 AM
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Sorry but I just gotta LOL @ the name "Couche-Tard" .... sounds like a French version of a dimwit couch potato ... 
Phil Taylor
home-theater-systems-advice.com
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June 09, 2010 at
12:17:33 PM
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Reply to:
Posted By: SVMike on June 09 2010 at 12:41:33 AM
Couche-Tard...sounds like one of those Howard Stern terms- although I think his starts with a "d"
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lol...if' that's the case they might be looking to "clean out" Kum and Go as well?
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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June 09, 2010 at
12:21:17 PM
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Reply to:
Posted By: Lefty Wilbury on June 08 2010 at 09:42:34 PM
That's right Artie. I have no sympathy for Caseys because they have operated as a regional "Walmart" for the last 30 years. Selling below cost and running familys out of business which have supplied and supported communities for generations. The only reason they support sprint car racing is Don Lamberty is a fan. I was at my sons Little League ball game tonight and I've not seen 1 team sponsored by Casey's even though we have 2 stores in Knoxville. So don't buy the "poor me" BS from Casey's.
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What happens with race team if Casey's gets bought out?
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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June 09, 2010 at
02:28:39 PM
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5215
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Reply to:
Posted By: Lefty Wilbury on June 08 2010 at 09:42:34 PM
That's right Artie. I have no sympathy for Caseys because they have operated as a regional "Walmart" for the last 30 years. Selling below cost and running familys out of business which have supplied and supported communities for generations. The only reason they support sprint car racing is Don Lamberty is a fan. I was at my sons Little League ball game tonight and I've not seen 1 team sponsored by Casey's even though we have 2 stores in Knoxville. So don't buy the "poor me" BS from Casey's.
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Casey's started small and has grown. This is America! It is called capitalism...and by the way, they sponsor about everything under the sun, including a big supporter of High School athletics...and Little League in my town...
If this post isn't results, stories or something c
constructive, it isn't me!
@BillWMedia
www.OpenWheel101.com
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