Motley Fool Top Picks for 2021We asked our Foolish writers for their top ideas for 2021 – here are their choices: Joey Frenette: Alimentation Couche-Tard Inc.
My top pick for 2021 is Alimentation Couche-Tard (TSX:ATD.B). Shares of the Canadian convenience store kingpin recently fell under pressure due to confusion regarding the firm’s pursuit of stressed-out French grocer Carrefour.
While Couche’s decision to get into the low-margin grocery retail arena confuses some, I think such a Couche-Carrefour tie-up is a brilliant move that could evolve the convenience retailer into something far more special over the long-term. Couche-Tard’s grocery endeavour could ultimately unlock, not destroy, substantial value for long-term shareholders. My takeaway? Ignore the bears and buy the dip before shares of ATD.B have a chance to correct upwards.
Fool contributor Joey Frenette owns shares of Alimentation Couche-Tard Inc.