Alimentation Couche-Tard (B)

ATD.B-T

TSE:ATD.B

44.25
1.37 (3.19%)
Alimentation Couche-Tard Inc. or simply Couche-Tard is one of the largest company-owned convenience store operators in the world with more than 12,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia.
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Analysis and Opinions about ATD.B-T

Signal
Opinion
Expert
BUY
BUY
March 20, 2019
He really likes it. They're a good acquirer, though they had one weak quarter due to a weak U.S. acquisition. This is a value story. ATD offers some defensiveness from the convenience stores, but also growth. He will hold this for a while.
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He really likes it. They're a good acquirer, though they had one weak quarter due to a weak U.S. acquisition. This is a value story. ATD offers some defensiveness from the convenience stores, but also growth. He will hold this for a while.
BUY
BUY
March 14, 2019
They have been one of the best growth by acquisition company in Canada. It is leveraged but they have been buying $500 million every quarter. At this pace they will have lots of cash to play around with in 2-3 years. Convenience store purchases are uninterruptible. One of the better managed companies in Canada.
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They have been one of the best growth by acquisition company in Canada. It is leveraged but they have been buying $500 million every quarter. At this pace they will have lots of cash to play around with in 2-3 years. Convenience store purchases are uninterruptible. One of the better managed companies in Canada.
BUY
BUY
February 26, 2019
He'd still buy it at current 52-week highs, which are a sign of strength. It's a great operator of 12,000 convenience stores at gas stations across North America and Eruope, and could expand to Asia. They're good at selling cigarettes and coffee which pay much higher margins than gas. Also, they're partnering with Canopy, which is a smart move into cannabis.
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He'd still buy it at current 52-week highs, which are a sign of strength. It's a great operator of 12,000 convenience stores at gas stations across North America and Eruope, and could expand to Asia. They're good at selling cigarettes and coffee which pay much higher margins than gas. Also, they're partnering with Canopy, which is a smart move into cannabis.
HOLD
HOLD
February 20, 2019
Great growth by acquisition story for decades. Stumbled a bit in the last year and a half, nothing serious. Earnings flatlined. You'll see acceleration again. Competitors have reported good earnings on gasoline. Expecting a good number, and you'll see the multiple increase. Still $10 left in this stock.
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Great growth by acquisition story for decades. Stumbled a bit in the last year and a half, nothing serious. Earnings flatlined. You'll see acceleration again. Competitors have reported good earnings on gasoline. Expecting a good number, and you'll see the multiple increase. Still $10 left in this stock.
TOP PICK
TOP PICK
February 15, 2019
The key is that it is a free cash flow generating machine -- over $1 billion per year. He expects them to continue growing by acquisition. Technically, the stock could hit $90. Yield 0.5% (Analysts’ price target is $80.00)
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The key is that it is a free cash flow generating machine -- over $1 billion per year. He expects them to continue growing by acquisition. Technically, the stock could hit $90. Yield 0.5% (Analysts’ price target is $80.00)
COMMENT
COMMENT
January 25, 2019
Amazon is threatending to open convenience stores; but no business is immunse to Amazon. It was dumb of him to pass on ATD when it was cheaper. Smart capital allocators who constantly grow shareholder value. He needs to look into ATD closer.
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Amazon is threatending to open convenience stores; but no business is immunse to Amazon. It was dumb of him to pass on ATD when it was cheaper. Smart capital allocators who constantly grow shareholder value. He needs to look into ATD closer.
BUY
BUY
January 21, 2019
Has owned this for five years. It's been doing sideways until only recently. It didn't move higher on volume (which he'd like to see). It's a strong company, though. He expects a recession, but convenience stores are resilient.
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Has owned this for five years. It's been doing sideways until only recently. It didn't move higher on volume (which he'd like to see). It's a strong company, though. He expects a recession, but convenience stores are resilient.
HOLD
HOLD
January 9, 2019
Good time to take profits? You want to let your winners run in this case. Yes, it's at a new 52-week high, but the breakout from the base of 3 years' duration is pretty powerful. Valuation has compressed significantly. Cheaper on P/E than Parkland, and has more levers to pull for geographic expansion. Margins are very strong, which will benefit from falling oil prices in US.
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Good time to take profits? You want to let your winners run in this case. Yes, it's at a new 52-week high, but the breakout from the base of 3 years' duration is pretty powerful. Valuation has compressed significantly. Cheaper on P/E than Parkland, and has more levers to pull for geographic expansion. Margins are very strong, which will benefit from falling oil prices in US.
PAST TOP PICK
PAST TOP PICK
January 2, 2019
(A Top Pick Nov 02/17, Up 8%) A rare company that had a positive return in 2018. They continue to acquire and do it well. They've done well in Europe. Speedway is a likely purchase. If so, this will raise earnings 10-15%.
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(A Top Pick Nov 02/17, Up 8%) A rare company that had a positive return in 2018. They continue to acquire and do it well. They've done well in Europe. Speedway is a likely purchase. If so, this will raise earnings 10-15%.
PAST TOP PICK
PAST TOP PICK
December 28, 2018
(A Top Pick Oct 31/18, Up 8%) A defensive name that's rewarded him.
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(A Top Pick Oct 31/18, Up 8%) A defensive name that's rewarded him.
WATCH
WATCH
December 13, 2018
A tremendous Canadian success story. The only concern is that they are growing so big and it gets to a period of time that you start losing economies of scale. The other thing is the funny share structure that the family wants to change and investors are not that happy about it. He would be cautious.
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A tremendous Canadian success story. The only concern is that they are growing so big and it gets to a period of time that you start losing economies of scale. The other thing is the funny share structure that the family wants to change and investors are not that happy about it. He would be cautious.
TOP PICK
TOP PICK
December 4, 2018
A stable business, the largest convenience store operating in North American, with further outlets in Europe. Their strategy is to price sharply on oil to draw traffic, then lure those customers to buy items like soft drinks and cigarettes where the gross margin is 3-5x higher than gas. Boasts good organic growth with a history of purchases--more to come in Asia which should catapult them past 7-11. (Analysts’ price target is $79.33)
Show full opinionHide full opinion
A stable business, the largest convenience store operating in North American, with further outlets in Europe. Their strategy is to price sharply on oil to draw traffic, then lure those customers to buy items like soft drinks and cigarettes where the gross margin is 3-5x higher than gas. Boasts good organic growth with a history of purchases--more to come in Asia which should catapult them past 7-11. (Analysts’ price target is $79.33)
PAST TOP PICK
PAST TOP PICK
November 26, 2018
(A Top Pick Oct 13/17, Up 10%) He still likes this. This is the type of company that you would expect a good rate of return annually. They did a great job of reinventing the brand with Circle K. This is their global brand now. This is a smooth, steady, reliable company.
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(A Top Pick Oct 13/17, Up 10%) He still likes this. This is the type of company that you would expect a good rate of return annually. They did a great job of reinventing the brand with Circle K. This is their global brand now. This is a smooth, steady, reliable company.
PAST TOP PICK
PAST TOP PICK
November 6, 2018
(A Top Pick Apr 23/18, Up 20%) Still adding to it. A solid, well-run company. They keep tucking in acquisitions and they methodically pay down their debt. They're adding charging stations in some of their location, so they are forward-thinking.
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(A Top Pick Apr 23/18, Up 20%) Still adding to it. A solid, well-run company. They keep tucking in acquisitions and they methodically pay down their debt. They're adding charging stations in some of their location, so they are forward-thinking.
TOP PICK
TOP PICK
November 1, 2018
There has been a consolidation. It will be choppy for a while. Managers should be looking to add exposure to staples and this is a top one. This one would not go down as much if the TSX were to go down. (Analysts’ price target is $77.17)
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There has been a consolidation. It will be choppy for a while. Managers should be looking to add exposure to staples and this is a top one. This one would not go down as much if the TSX were to go down. (Analysts’ price target is $77.17)
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