JCP Investment Urges Casey's General Stores To Explore Strategic Alternatives

(RTTNews) - JCP Investment Management, LLC, BLR Partners LP and Joshua E. Schechter said they believed that Casey's General Stores Inc. (CASY) Board should immediately engage a financial advisor to explore all strategic alternatives, including a potential sale, merger or similar transaction in order to maximize shareholder value.

JCP Investment Management, LLC, BLR Partners LP and Joshua E. Schechter, who collectively own approximately $45 million of Casey's common stock, said, "Casey's no longer delivers best in class returns as measured by either operating metrics or share price performance. Casey's has missed earnings targets for seven straight quarters due in part to decelerating same store sales and bloated operational expenses."