Alimentation Couche-Tard (ATD.TO)

Currently owns stock and has been a long term holder. Believes company has room to grow and expand. Excellent growth story in Canada.

Really likes it. Tremendous capital allocators in a challenging business. Current valuation of 18x forward earnings is 10% above his buy price. Defensive. Wait for a pullback.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The quarter results were solid. EPS beat estimates at 70 cents. Revenues also beat at $18.6B. Same store growth was 3.7% in the US and 7.2% in Europe, although it fell in Canada by 0.8%. It has bought back stock to the tune of $500M. Unlock Premium - Try 5i Free

At this point, shares being range-bound is something to cheer about. People aren't looking for growth names. 3-5 years from now it will be bigger, generate a ton of free cash, and either buy back stock or make an acquisition. The business is doing fine, but this is what a bear market looks like. Excellent job transitioning to electric. He owns PKI instead.

Believes company is looking towards future which is a positive sign (building convenience stores next to electric car charging stations). Selling private label products has helped grow profits. Increasing dividend yield is positive sign. Owns company and will continue to hold.

(A Top Pick Apr 26/21, Up 27%) One year rate of return not long enough to measure success of investment. Well run company with good management. Second largest convenience store operator in the world. Current equity price represents good value.

A great acquirer. Remarkable story. Huge free cashflow to make acquisitions or buy back stock. The company still sees opportunities. Kicks himself for never buying it. M&A skills outweigh the less robust outlook for the actual business.

Really likes company as valuation is very attractive (15x forward earnings) Expanding global platform. Will buy back shares if cannot find acquisition (good capital manager).