Alimentation Couche-Tard (B) (ATD.B.TO) Buy,…

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

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BUY ON WEAKNESS

It's done well long-term and is a great acquirer of assets. After buying businesses in North America, they now want to expand internationally. But there are better growth stocks outside Canada. Maybe buy on a pullback. It's a good, long-term growth stock though.

BUY ON WEAKNESS

It is a well run company. They made some clever acquisitions. If you can get it on some kind of a selloff it is a good one to buy and hold. They are pursuing an acquisition in Australia, who sometimes blocks acquisitions from non-Australian companies.

PARTIAL SELL

Take profits now? Set targets. ATD has enjoyed a long uptrend since mid-2018, but if it falls below $39 (support level), then take profits. Now, it's consolidating. He doesn't expect much from this stock for a while; it'll likely continue to consolidate.

WAIT

Been up rising mid-2018, but is now sideways. Will come back down to $40. Watch this after the market pullback in January. It may stabilize at $40 then rise. Maybe.

PAST TOP PICK

(A Top Pick Apr 09/19, Up 5%) He still likes it. They just absorbed a big acquisition. They still have room to grow globally and can make more acquisitions. They use a lot more technology to enhance their products. They're also spending on electronic vehicles, looking ahead.

WAIT

Has done extremely well with all their acquisitions in the past. Most brokerage firms are recommending that the stock will do very well. Might want to wait until the acquisition is actually made. The stock could pull back if it doesn't happen. Thinks it's a great long term hold. Another big danger for them is the fluctuation of oil price. That could affect them in the short term.

PAST TOP PICK

(A Top Pick Dec 04/18, Up 18%) The gift that keeps giving to shareholders. A great business model and will surprise 7-11 among convenience stores. Management integrates acquisitions well which should continue. He remains confident with it.

DON'T BUY

You should be concerned about electric vehicles if ATD.B-T will be a long term hold. Electric cars can be charged at home whereas there is no choice as to where to take an internal combustion engine. They are watching Norway which is the leader in electric vehicle adoption.

TOP PICK

A great Canadian story. They do tuck in acquisitions and have handled debt very well. Second only to 711 in the convenience store space. Going forward, we will still need fueling stations (gasoline, electric, etc.) and they are well positioned. Yield 0.62% (Analysts’ price target is $45.59)

BUY

What happens to this in a recession? He likes it. It wouldn't do too badly in a recession. Good to enter it now for the long term.

BUY

Bought it in 2015. A great company that consistently grows its dividend 25% annually. Long-term, great. You can get in now.

BUY

$48.53 is his model price. Better to buy now than in May/June. Likes it.

BUY

A long-term hold? Great for long term. ATD is definitely on his list. If there's more rotation out of staples, then this can fall to a decent entry point. They're fantastic convenience store operators and enjoying higher margins with fresh food. The 0.63% dividend is growing, but they spend their money by buying businesses to grow.

TOP PICK

They've done well in Quebec, Ontario and Europe. A good allocator of capital. They're thinking of maybe going into Mexico. A good non-correlated asset relative to manufacturing and industrials if we go into recession. It should hold up well.

COMMENT

Couche-Tard vs Parkland Fuel? He prefers PKI-T as they own a refinery. He does not like the tobacco element of ATD.B-T. He would stay away from ATD.B-T and is glad he missed the recent 35% drop.

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