Although the capitalizations seem to be inflated, there is no doubt in my mind that gas station convenience stores can be converted toward larger markets. Coke, Pepsi, Budweiser should be ashamed of their approach to this sector. 1000s and 1000s of customers are captured at every location — and they are underserved.
Any competent investment firm would easily expand independent regional prototypes into a new model. Conversion would follow.
Why drag these horrid cash cows into the future?