Alimentation Couche-Tard (B) (ATD.B.TO)

SELL
Chart shows a string of lower lows. He wouldn't touch it.
DON'T BUY
The problem for this and others in this space is competition from other sources. Well-run company.
TOP PICK
The 3rd biggest convince store chain. The price has come down a lot, because the gas bars margin went from 15 cents to 5 cents. Now gas margins have gone back up again, the stock will go up again as well.Bought around current price.
BUY
One of the very few Canadian retailers that have expanded in the US. Margins on gasoline are excellent.
COMMENT
Impressive company. Has done a very good job of expanding into the US. Acquisitions have been solid and well priced. Suffer from 2 problems. Large % of sales come from gasoline and last 2 quarters have been impacted by low margins. Make a lot of money from selling tobacco, which is not a fan of.
COMMENT
Excellent company. Reporting tomorrow with a wide range of analysts estimates. A lot of their profits are from gasoline sales, whose margins go up and down like crazy. Has traded in a tight range for the last couple of years.
PAST TOP PICK
(A Top Pick Mar 21/06. Up 2.4%.) Convenience store side has been fine. It's the dramatic move in gasoline prices that has hampered margins heavily.
COMMENT
They have done an extremely good job of expanding their convenience stores/gas stations. Still have a few areas they can expand into. The price/earnings multiple is a little high for him but they came off 10%-15% he would take a hard look at it.
BUY
One of the few Canadian success stories in US retailing. Have 5 to 7 years of good growth.
TOP PICK
(A Top Pick Mar 21/06. Up 7.6%.) Delivering the results he was looking for. The stability in gasoline will help to add stability to their quarterly numbers. Poised to continue to grow quite strongly. Looking for large acquisitions in the US.
TRADE
Good business. A lot of their sales are in gasoline. In the long run it will be great.
BUY
Its main market is in the US where it bought Circle K and a number of other convenience stores. A very large retailer of gasoline.
PAST TOP PICK
(A Top Pick Mar 21/06. Down 3.5%.) As gasoline prices rose, margins for retailers were squeezed. They'll probably have another quarter that will show margin pressure. Still likes. Good price.
BUY
This has been the successful Canadian retailer in the US. Has made good acquisitions.
DON'T BUY
Chart shows a head and shoulders top and is now in a downtrend. Doesn't see any sign of a bottom forming.
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