It is an interesting company that is really well run. It did a bit of a 'U' as it went public with people unloading shares. It is at an interesting technical level. If we see it break higher with higher volume, that is significant. They have a high return on equity and are opening new stores. Their sales per square foot metrics are off the charts. He is keeping a close eye on it.

He screened them but is not an expert in what they do. They meet his metrics. They went through a period of consolation and it looks like a good time to add them to the portfolio.

They have greater operations in Ontario now. There was controversy around the bidding process. It has been a volatile ride. Growth metrics are excellent. They can fund a lot of their operations thought cash flows but have had to take on some additional debt. Their runway for growth is good and they have a good moat around their business. He likes them. Gambling tends to be recession proof.

He screened them from a financial metrics stand point. They seem undervalued. With these smaller companies they go through consolidation and then jump higher and repeat. They are too small for him. It is a nice little company. You have to be careful with position size.

Beyond Meat Burger at A&W. Their top line is doubling but they are not profitable yet. First to market is a competitive advantage but not the best. It remains to be seen if they can translate it into a viable business that can create shareholder wealth. He does not know how easy it is to replicate a veggie burger that tastes like meat. He does not participate in the first few days of an issue like this

PKI-T vs. ATD.A-T. PKI-T and ATD.A-T are similar but ATD is more focused on convenience stores and PKI is more focused on gas stations. He owns both. PKI is a smaller company and so would not be so protected in a downturn. He thinks they will both continue to do well.

PKI-T vs. ATD.A-T. PKI-T and ATD.A-T are similar but ATD is more focused on convenience stores and PKI is more focused on gas stations. He owns both. PKI is a smaller company and so would not be so protected in a downturn. He thinks they will both continue to do well.