Alimentation Couche-Tard (ATD.to) is arguably the best operator in the highly fragmented convenience store industry. Despite being a wonderful company, however, shares are currently fairly valued. I am not, therefore, currently adding to my exposure. I think we are once again experiencing a period of irrational exuberance. In late October/early November, it was easy to [...]
Alimentation Couche-Tard (ATD.to) has a profitable business model that has enabled it to become one of the leading participants in the highly fragmented convenience store space; 7-Eleven, Inc., owned by Japanese Seven & I Holdings through Seven-Eleven Japan Co., Ltd., is the largest industry participant. I last reviewed ATD in this May 15, 2021 post. [...]
As a long-term investor seeking to invest in undervalued/fairly valued high-quality companies, investment opportunities that meet my investment criteria are currently few and far between. Following Alimentation Couche-Tard's (ATD-a.TO and ATD-b.TO) recent $1B private debt offering Press Release, however, I now revisit this existing holding to determine if I should increase my ATD exposure. Based [...]
In previous articles I have indicated that I am helping our daughter and her boyfriend (both in their early 20s) create investment portfolios that will aid them in achieving financial freedom at a relatively young age. Our daughter already has exposure to Alimentation Couche-Tard and Brookfield Asset Management. I envision both companies will be far [...]
Although our daughter and her boyfriend are in their early 20s, they have expressed an interest in achieving financial freedom at a relatively young age so as to have 'options' later in life. While there are various ways in which to achieve financial freedom at an early age, equity investing is the method my wife [...]
Alimentation Couche-Tard (TSX: ATD.b) is the 2nd largest participant in the highly fragmented convenience store industry behind Japan's Seven & I Holdings Co. (7-Eleven chain). ATD is consistently profitable, generates strong Free Cash Flow, and intends to double in size within the next 5 years. ATD will appeal to investors seeking growth versus dividend income. [...]
Alimentation Couche-Tard (TSX: ATD.b) is the 2nd largest participant in the highly fragmented convenience store industry behind Japan's Seven & I Holdings Co. (7-11 chain). ATD.b will appeal to investors seeking growth versus dividend income. Summary ATD is the #2 player in the convenience store sector on a global basis behind Japan’s Seven & I [...]
Summary In my March 22 article I indicated I viewed the pullback in ATD’s stock price as a window of opportunity to acquire shares in ATD at a favorable valuation; I acquired another 500 shares for the FFJ Portfolio. That article was followed up with my July 10 article in which I made a similar [...]
Summary Alimentation Couche-Tard released its Q4 and FY2018 results at the close of business July 9th. On March 22nd, I wrote that the pullback in the company’s stock price presented investors with a window in which to acquire shares in the world’s 2nd largest convenience store operator at an attractive valuation. The company is now [...]
Summary Alimentation Couche-Tard is the world’s 2nd largest convenience store operator. It operates in a highly fragmented industry. Its growth is being fueled through bolt-on and major acquisitions. The company has a significant presence in North America and certain regions in Europe. Growth opportunities in other densely populated regions of the world are underway. The [...]
