Alimentation Couche-Tard (ATD.TO)

Are excellent in buying companies, particularly in the U.S. But the PE now is high. If you're long-term, buy this.

You can't go wrong owning this. Is a long-time compounder. They continue to find opportunities inside and outside Canada, and those acquisitions expand margins.

Grown through acquisition, expanded geographically. Strong operators. Stock's done well, but they have to keep buying to keep growing. GDP-like growth. Looking at EV chargers. Expanding convenience store offerings. Not exciting to her, but can hold for long run.

Wonderful business. Very well run, global. Excellent job with the difficult task of making convenience stores profitable. Valuation of 17x is above his buy price. Long growth runway. Add on pullback.

He's owned, sold, and owned, and doesn't know if he'll ever sell it again ;)  Best in class, amazing acquirers, global, great balance sheet and free cashflow. Company estimates that by 2028, they'll get to $10B of EBIDA. Gross margins are hovering around 33%. Cost savings, and AI should help margins. Fuel sales were lower, and this impacted them. 

Likes that the price slowly gravitates upward, rather than lots of volatility. Yield is 0.71%.

Has done well for him. A long-term hold. Highly diversified geographically with 14,000 stores in 24 countries. Boasts one of the largest revenues in Canada. They execute M&A like a well-oiled machine, regularly buying companies and still has a lot of cash to buy more. Strong balance sheet. Pays a little dividend yield. Trades at 17x PE, a premium to the market, but worth it. A quality compounder.

Very good at allocating capital. Reasonable valuation, strong balance sheet. First-class operator. Future is very bright. Yield is 0.76%.

Continues to execute M&A and current operations very well. Expects higher fuel margins and better merchandise sales next quarter, as we've just come off the summer. Headwinds in cost of goods due to inflation. Potential to charge EVs at home is not a threat.

Almost 70% of revenue comes from US, less than 15% from Canada, the rest from Europe. Master acquirer and they execute extremely well. Quiet, not flashy, management. Not much of a yield, but free cashflow used to buy back shares and do M&As. Even after the runup, he'd buy.

Great long-term hold. Quality, great management team. Balance sheet continues to improve. Gas margins holding firm. Travel continues. Never a bad time to add this name, if you think in years and not months.

The world's 2nd-biggest convenience store operator. Highly profitable at 25% ROE. Compounded earnings per share at 21% over the last decade. They price sharply on fuel to lure customers to buy high-margin products in their stores, like coffee, cigarettes, donuts. Remain smart acquirers in a fragmented industry. This year, they bought 2,200 stores in Germany, Belgium, Luxembourg and Holland. Organic growth continues to rise.

(Analysts’ price target is $77.07)

Great defensive company. Global leader. Geographically diversified. 14K stores in 24 countries. Buys and integrates assets  like a well-oiled machine. $10B in cash. ROE well above market. Small dividend yield is OK, as company likes to grow.